Pasta maker gets $295M in financing

? One day before risking default on its loans, American Italian Pasta Co. said Wednesday it had received a new five-year, $295 million financing agreement.

The company three times before had to ask its lenders for permission to ignore requirements that it file information on its finances or be in default. The company has been unable to file financial reports since last spring because of an ongoing internal investigation into accounting problems.

With the new loans, those requirements are no longer a problem, said Jim Fogarty, the company’s chief executive.