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Freedom Foods gets a reprieve from lenders

Carrie LaFrenz
Carrie LaFrenzSenior reporter

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The board of Freedom Foods Group is due to receive a final report into the company's operations any day, even as it has been granted a reprieve by its lenders that will allow it to continue its progress towards recapitalisation.

The troubled snacks and drinks maker secured the support of its principal lenders HSBC and National Australia Bank, and its majority shareholder, the wealthy Perich family, on Friday.

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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com

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    Original URL: https://www.afr.com/companies/manufacturing/freedom-foods-gets-reprieve-from-lenders-20200911-p55uml