Diamond Foods may breach debt covenants: analysts
Diamond Foods Inc is likely to breach its debt covenants and cancel its biggest-ever deal, analysts said, as its stock tumbled 37 percent a day after the company removed its two top executives and said it would restate results for the last two years.
Diamond producer De Beers, 45 percent owned by miner Anglo American, has signed a $2 billion debt deal to refinance existing debt and fund growth.