TITLE

Covington works out financial restructuring package

PUB. DATE
October 2007
SOURCE
Furniture/Today;10/15/2007, Vol. 32 Issue 6, p72
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that decorative fabrics converter Covington Holdings has agreed with its principal lender on a financial restructuring package. According to Roger Gilmartin, Covington's president and CEO, the company's agreement brings to an end to a very difficult period of uncertainty for all the constituents in its business. Furthermore, with the new financing, the company will have funds to airfreight already-produced goods from its suppliers to reduce its backlogs to traditional levels.
ACCESSION #
27100242

 

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