Industry | 2010.03.02
Xerium Technologies Announces Commencement of Solicitation with Its Lenders
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 commenced a solicitation of lender votes for a comprehensive restructuring of its debt. The proposed restructuring reflects an agreement in principle supported by the steering committee of lenders under the Company’s senior secured credit facility and the parties to the Company’
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