Collins & Aikman announces amended receivables facility

December 14, 2004, 12:00 a.m. EST 1 Min Read

Collins & Aikman Corp. announced that amended its existing receivables transfer agreement relating to its off-balance sheet accounts receivable financing facility. The amended terms included extending the term of the facility to Mar. 10, 2006, and installing General Electric Capital Corp. as the new administrative agent. Additionally, Collins & Aikman announced a new $300 million 5-year facility replacing the existing facility.

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