Daily News: March 19, 2012

Blackstone’s Pinnacle Foods to Seek Extension of Term Loans

Pinnacle Foods Finance will have a lender call today, Monday, March 19 to discuss its term loans that come to term in April 2014, a BusinessWeek article said. Barclays is arranging the financing for Pinnacle, which consists of a new $400 million term loan E and a $150 million revolving line of credit.

Pinnacle Foods Finance is owned by Blackstone Group and is a maker of Duncan Hines cake mixes and Hungry Man frozen dinners.

To read the BusinessWeek article in its entirety, click here.