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MINNEAPOLIS -- Nash Finch Co. based here negotiated with lenders to change its existing senior secured credit facility. In doing so, the distributor and retailer will pay a related one-time fee of about $550,000.
Earlier, the company had warned it may not meet a financial covenant in the agreement at the end of the fourth quarter.
The amendment changes the terms of a rule regarding total leverage ratios, and also reprices the interest rate structure whenever the total leverage ratio exceeds a certain point.