Oneida Foodservice Parent, EveryWare Global Amends Credit Agreements & Announces Equity Investment

EveryWare Global, Inc., parent company of Oneida Foodservice, announced it amended its Term Loan Agreement and ABL Facility. The Company also announced that it entered into a Securities Purchase Agreement with Monomoy Capital Partners, whereby Monomoy agreed to invest $20 million in return for EveryWare’s Series A Senior Redeemable Preferred Stock with a liquidation preference of $21.2 million and warrants to purchase 4,438,005 shares of the Company’s common stock.

Sam Solomon, Chief Executive Officer of EveryWare Global stated, “We are pleased to amend our credit agreements and complete the Securities Purchase Agreement. These transactions solve our covenant and liquidity challenges. Now we can focus on taking care of our customers and improving our operations. We appreciate the continued support from our lenders, suppliers, employees, customers and Monomoy.”

To read the entire announcement from EveryWare Global, go here:
http://investors.everywareglobal.com/releasedetail.cfm?ReleaseID=863187