Menu Foods Income Fund
TSX : MEW.UN

Menu Foods Income Fund

April 22, 2009 15:50 ET

Menu Foods Income Fund Extends Banking Facility

TORONTO, ONTARIO--(Marketwire - April 22, 2009) -

NOT FOR RELEASE OVER US NEWSWIRE SERVICES

Attention Business/Financial Editors:

Menu Foods Income Fund (TSX:MEW.UN) ("Menu" or the "Fund") announced today that it has executed an agreement with its bankers to extend its banking facilities on the same terms and conditions as the current agreement. Menu's noteholders have consented to this extension. Menu's banking facilities had been due to expire on June 30, 2009.

The extension affects both the Fund's US$30 million revolving facility (the "Original Credit Facility") and its US$12 million revolving facility (the "Second Credit Facility"). The Original Credit Facility has been extended to October 29, 2010. The Second Credit Facility will be reduced by US$3 million at the end of each calendar quarter, commencing June 30, 2009, until it is extinguished on March 31, 2010. Menu agreed to pay a fee of CDN$75,000 for the extension.

Menu is a leading North American private-label/contract manufacturer of wet pet food products sold by supermarket retailers, mass merchandisers, pet specialty retailers and other retail and wholesale outlets.

Contact Information

  • Menu Foods GenPar Limited
    Mark Wiens
    Chief Financial Officer
    (905) 826-3870 ext. 420