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Article: WestPoint Stevens Receives Court Approval Of Series Of First Day Motions; Normal Business Operations Continue; Interim Access to DIP Financing Approved.
- Article from:
- PR Newswire
- Article date:
- June 3, 2003
CopyrightCOPYRIGHT 2003 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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WestPoint Stevens Inc. (BULLETIN BOARD: WSPT) (www.westpointstevens.com) today announced that the U.S. Bankruptcy Court approved a series of the Company's "first day" motions, ensuring that WestPoint Stevens can continue regular operations throughout the reorganization proceeding.
"The Court's granting of our first day motions enables us to remain focused on the Company's top priority -- delivering superior products and service to our customers, as we work to strengthen WestPoint Stevens' future," said M.L. (Chip) Fontenot, President and Chief Operating Officer of WestPoint Stevens Inc.
The Court approved, among other things, motions related to:
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