NEW YORK – Hostess Brands Inc, the U.S. wholesale baker that emerged from bankruptcy protection two years ago, has again hired restructuring advisers, The Wall Street Journal reported, citing people familiar with the matter.
The Twinkies and Wonder Bread baker tapped law firm Jones Day and financial-services firm Perella Weinberg Partners to negotiate with creditors and attempt to rework its finances, the people told the paper.
The Irving, Texas-based company employs 20,000 people and has more than $700 million in debt. It was not immediately available to comment.
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