Agriprocessors lender agrees to provide $869,400 more in advances through Dec. 19

By Caroline Salls

Pittsburgh, Dec. 11 - Agriprocessors, Inc. requested court approval to increase the amount and extend the expiration date of its $2.5 million in emergency post-bankruptcy financing from First Bank Business Capital, Inc. to Dec. 19 from Dec. 12, according to a Wednesday filing with the U.S. Bankruptcy Court for the Eastern District of New York.

Specifically, the company said First Bank has agreed to provide an additional $869,400 in financing through Dec. 19.

According to the motion, the extra funds will be used to continue to stabilize Agriprocessors' operations and continue the processing of its chicken and hen inventory.

Agriprocessors, a Brooklyn, N.Y.-based kosher meat and poultry packer and food processor, filed for bankruptcy on Nov. 4. Its Chapter 11 case number is 08-47472.

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