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Article: WestPoint Stevens Announces Bond Coupon Payment.
- Article from:
- PR Newswire
- Article date:
- December 16, 2002
CopyrightCOPYRIGHT 2002 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. (www.westpointstevens.com ) today announced the Company's borrowing availability, after today's coupon payment of $39 million for its two series of 7-7/8% bonds, is $205 million.
Holcombe T. Green, Jr., WestPoint Stevens Chairman and CEO, commented, "We are on plan to see sales increase in the current quarter and for the year versus the comparable periods for 2001 and expect to see continued inventory and debt reduction. We are comfortable that we will remain in compliance with all of our financial covenants."
WestPoint Stevens anticipates releasing its fourth quarter 2002 results in early February 2003.
On December ...