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Article: Stepan Announces Completion of Amendments to Its U.S. Loan Agreements.
- Article from:
- PR Newswire
- Article date:
- March 11, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Stepan Company announced today completion of amendments to its U.S. loan agreements effective December 31, 2003. The Company previously announced that it was not in compliance with certain covenants in its U.S. loan agreements due to weaker than expected fourth quarter and full year 2003 earnings that included a non-cash deferred compensation expense of $2.0 million, non-cash asset impairment charge of $1.4 million and employee severance charges of $0.9 million related to a workforce reduction. The new amendments result in compliance with all loan agreements, as of December 31, 2003. Under the terms of the amendments, Stepan expects to remain in compliance with these ...
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Article: STEPAN COMPANY ANNOUNCES DIVIDEND ON PREFERRED ...
PR Newswire;
November 9, 1992 ;
527 words
...STEPAN COMPANY ANNOUNCES DIVIDEND ON PREFERRED STOCK ... PRNewswire/ -- The board of directors of Stepan Company Friday declared a quarterly cash dividend ... June, September and December. Stepan Company, headquartered in Northfield, Ill ...
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