Florida Food Products, Lenders in Talks to Improve Balance Sheet

Florida Food Products is negotiating a debt deal with some of its creditors to address the plant-based ingredient maker’s balance sheet, according to people familiar with the situation.

• The company is getting advice from Evercore while a group of creditors retained Greenhill and Paul Hastings, said the people, who asked not to be identified discussing a private matter
• Details about a potential agreement couldn’t be learned
• Ardian, which backs Florida Food, declined to comment while messages left with Florida Food, Evercore, Greenhill and Paul Hastings weren’t returned
• NOTE: Moody’s downgraded Florida Food in April to Ca from Caa3 in April, ...