Lear (LEA) Amends Primary Credit Facility
Lear Corporation (NYSE: LEA) reached an agreement with its lenders for an amendment and waiver to its primary credit facility.
Today's agreement provides, through May 15, 2009, a waiver of Lear's existing defaults under its primary credit facility and an amendment of the financial covenants and certain other provisions of the primary credit facility. The Company and its lenders remain in active discussions regarding further modifications to its primary credit facility in light of existing and projected industry conditions.
Create E-mail AlertRelated Categories
Corporate NewsStocks Mentioned
-0.22Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
