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Quaker Fabric announces amendment to its secured credit facility
26 Oct '05
1 min read
Fall River based Upholstery fabrics maker Quaker Fabric Corporation announced an amendment to its five year, $70.0 million senior secured credit facility.
'This amendment provides the company with additional access to debt capital and allows for a more flexible financial covenant structure by, among other things, removing the EBITDA covenant from the loan document beginning in 2006,' commented Paul J. Kelly, Quaker's Vice President and CFO.
Quaker noted that the company would be making a Form 8-K filing with respect to this amendment with the US Securities and Exchange Commission no later than Thursday, October 27, 2005.
Quaker Fabric Corporation is a leading manufacturer of woven upholstery fabrics for furniture markets in the United States and abroad, and the largest producer of Jacquard upholstery fabric in the world.
'This amendment provides the company with additional access to debt capital and allows for a more flexible financial covenant structure by, among other things, removing the EBITDA covenant from the loan document beginning in 2006,' commented Paul J. Kelly, Quaker's Vice President and CFO.
Quaker noted that the company would be making a Form 8-K filing with respect to this amendment with the US Securities and Exchange Commission no later than Thursday, October 27, 2005.
Quaker Fabric Corporation is a leading manufacturer of woven upholstery fabrics for furniture markets in the United States and abroad, and the largest producer of Jacquard upholstery fabric in the world.
Quaker Fabric Corporation
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