USA: Guilford Mills Gets Refinancing Extension
Textile maker Guilford Mills Inc has been given an extra six weeks to work out a refinancing plan for its $275 million debt. The company's chief executive officer John Emrich said Tuesday the company's senior lenders agreed to put off the refinancing until the end of March. The lenders, which include Charlotte's Wachovia Corp., have extended the deadline several times as the company struggled with competition from cheaper textile imports and a weak economy.
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