Eagle Food extends waiver to April 5

New York, March 7 - Eagle Food Centers Inc. said it extended the limited waiver agreement for its credit facility to April 5.

The waiver, with Congress Financial Corp. (Central), covers defaults under the adjusted net worth covenant.

The Milan, Ill. supermarket chain previously had a waiver until March 8, extended from Jan. 31.

"We believe that this extension will allow us to continue to explore all options available to the company," said Robert Kelly, chairman and chief executive officer of Eagle Food, in a news release.

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