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Article: First and Final Add to Allegheny International fact sheet.
- Article from:
- PR Newswire
- Article date:
- February 22, 1988
CopyrightCOPYRIGHT 1988 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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/FIRST AND FINAL ADD -- PG 201 -- ALLEGHENY INTERNATIONAL/
ALLEGHENY INTERNATIONALY INTERNATIONAL/
Fact SheetIONALY INTERNATIONAL/
Allegheny International's Financial Situation:
-- AI has obtained a $175 million financing commitment from New York's Chemical Bank and the Marine Midland Bank, N.A. to provide funds for use by its principal operating subsidiaries. AI said the $175 million is a sufficient amount to ensure that operations will not be disrupted during the chapter 11 proceeding.
-- Sunbeam Corporation, including Almet/Lawnlite, Inc., has a net worth of $400 million and is a ...