Industry | 2010.02.01
Xerium Technologies Extends Waivers
RALEIGH, N.C.--(BUSINESS WIRE)--Xerium Technologies, Inc. (NYSE: XRM), a leading global manufacturer of industrial textiles and rolls used primarily in the paper production process, today announced that it has secured from certain of its lenders an extension of its existing temporary loan covenant waivers until March 1, 2010. The lenders have extended the existing loan covenant waivers in order to facilitate continued negotiations for a comprehensive recapitalization of the Company. Pursuant to
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