Farm Pride admits to breaching loan agreement

Farm Pride admits to breaching loan agreement

Egg product manufacturer Farm Pride Foods (ASX:FRM) yesterday admitted to breaching one of its lending covenants.

The company said it has entered discussions with its bankers in relation to the breach, with the goal of drafting a new business finance agreement.

But Farm Pride assured investors that it is operating on a “business as usual” basis while the agreement is finalized.

FRM shares yesterday fell 2.44% to $0.20, and are trading at the same price today.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags debtFoodFarm Pride

Show Comments