July 31 (Reuters) - Legumex Walker Inc LWP.TO :
* Pacific coast canola, llc receives a demand under its senior credit facility
* Amounts due under the facility are estimated at US$54.6 million, and are
secured by a first lien on all assets and undertaking of pcc
* Says subsidiary has received notice making a demand for repayment of all
amounts due under the facility
* Says the pcc facility has not been guaranteed by the company or any of its
subsidiaries, other than pcc
* Says pcc has been in active discussions with agcountry and is considering
various alternatives
* Says company does not expect agcountry's demand or pcc's default to affect
the special crops division's operations
* Has provided a letter of credit in the amount of US$2 million in support of
pcc's obligations under the facility
* Says pcc does not currently have access to funds to satisfy its obligations
under the facility
* Says company is not aware of what actions agcountry will take to enforce its
rights under the facility
* Source text for Eikon ID:nCNWjmJT4a
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