Prima Wawona’s lenders have taken proactive steps to navigate through these treacherous waters, enlisting the expertise of ACM Management Co. to advise on the intricate process of potential equitization, with Boken adding, “Our lenders have united in agreement and are fully committed to guiding us through this tumultuous ownership transition.”
Unwavering Support and Uncertain Horizons
Amid the perplexity of Prima Wawona’s financial struggle, its legal counsel remains steadfast. Joseph M. Barry of Young Conaway Stargatt & Taylor and Ryan Blaine Bennett of Kirkland & Ellis LLP have been representing the company during this tumultuous period.
However, as of now, the counsel for the debtor has yet to respond to inquiries, leaving the path forward shrouded in uncertainty. With the stone fruit empire teetering on the brink of a new beginning, the industry and its enthusiasts watch with bated breath.
Prima Wawona’s future now hangs in the balance, as they take on the daunting task of managing their enormous debt load while continuing to deliver the juicy delights that have made them a household name.
