Krispy Kreme Gets Credit Line Extension

For the second time this year, Krispy Kreme Doughnuts Inc.’s lenders have agreed to push back a deadline before the company defaults on its $150-million credit line, the company said.

Krispy Kreme also said it was working with an unnamed lending group to replace the credit line that could have gone into default at the end of the week. The company now has until April 11 to deliver financial statements for the quarter ended Oct. 31.

In a news release, Krispy Kreme said it would use the proceeds from any new credit line to repay in full the lenders under its current agreement and for general needs.