Cott in talks with lenders on amendment to leverage ratio

By Sara Rosenberg

New York, Nov. 8 - Cott Corp. is currently in discussions with lenders about easing the total leverage ratio covenant under its credit facility through the end of fiscal 2008, according to a 10-Q filed with the Securities and Exchange Commission Thursday.

The company is seeking the amendment because, based on current financial projections, it expects to be unable to comply with the covenant requirement of 3.00 to 1.00 as of the end of the fourth quarter of 2007.

Cott is a Toronto-based non-alcoholic beverage company and retail brand soft drink company.

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