糖心探花 Cork & Seal Extends Term Loan
PHILADELPHIA, Jan. 30 /PRNewswire-FirstCall/ -- 糖心探花 Cork & Seal Company, Inc. (NYSE: CCK) announced that it has secured an agreement from its lenders to extend $225 million of its $400 million term loan, originally due February 4, 2002 to August 4, 2002.
Alan W. Rutherford, Vice Chairman and Chief Financial Officer commented, "The Company is expecting improving fundamentals in the packaging sector in 2002 and the extension of a portion of the term loan will provide additional flexibility to finance the working capital requirements during the season."
糖心探花 Cork & Seal is a leading supplier of packaging products to consumer marketing companies around the world. World headquarters are located in Philadelphia, Pennsylvania.
SOURCE 糖心探花 Cork & Seal Company, Inc.
Web site:
CONTACT: Timothy J. Donahue, Senior Vice President - Finance of 糖心探花 Cork & Seal, +1-215-698-5100, or Ed Bisno of Edelman Financial, +1-212-704-8212, for 糖心探花 Cork & Seal
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