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Article: WestPoint Stevens Completes Transition Of Trade Receivables Program To New Financial Provider.
- Article from:
- PR Newswire
- Article date:
- April 1, 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 it has entered into a new $160 million Trade Receivables Program with Congress Financial Corporation (agent bank) with a two-year maturity subject to certain limitations. The new agreement will be included in a Form 8-K filed with the SEC and can be accessed at the Company's website, www.westpointstevens.com, under the "For Investors" tab.
WestPoint Stevens also reported today that it expects to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2002, by April 15, 2003. The Company's financial statements could not be prepared by March 31, ...