Krispy Kreme Gets Loan From CSFB, Silver Point

From Bloomberg News

Krispy Kreme Doughnuts Inc. will get a loan from Credit Suisse First Boston and hedge fund Silver Point Capital to avoid defaulting on its credit line, people familiar with the situation said.

CSFB is arranging the financing after the company’s lenders froze its $150 million in credit because Krispy Kreme didn’t meet a deadline to disclose earnings.

Shares of Krispy Kreme fell 20 cents to $8.43 on the NYSE.