WILBRAHAM – Friendly Ice Cream Corporation has announced the successful completion of its financial restructuring plan. The restructuring involves the refinancing of the company’s $76 million existing bank credit facility, which includes the revolving credit loan, term loans and letters of credit and the repurchase of approximately $21 million in aggregate principle amount of its 10.5 percent Senior Notes due 2007. Evolving Funding Landscape for Not-for-Profits Not-for-profit organizations are being asked to do more with less,…Beyond Cash Donations: How New Forms of Giving Are Transforming Not-for-Profit Accounting
Friendly Ice Cream Corp. completes refinancing
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