Woolworth Message Board - Msg: 10129104

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Non-Tech : Woolworth

Z 65.92

-3.4%

Jan 2 9:30 AM EST

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To: Duker who wrote (142)	6/15/1999 4:05:00 PM
From: Duker	Read Replies (1) of 179

Just For Feet/Credit Pact Default: $200M Credit Line [In the longer-run, it is often beneficial to have a competitor get squished. --Duker] WASHINGTON (Dow Jones)--Just For Feet Inc. (FEET) expects that at the end of the second quarter it won't be in compliance with certain convenants under its $200 million revolving credit facility, according to Federal Filings Business News. If the company is unable to obtain an amendment to the credit facility, it may be in default, which would permit lenders to accelerate the maturity of the debt and would cause other debt defaults. In addition, if Just For Feet is unable to obtain an amendment to the credit pact or vendor support, the footwear superstore operator will require additional funds from other sources to fund operations. Just For Feet's Nasdaq-traded shares recently changed hands at 5 3/16, off 1 1/32 or 16.6%, on a volume of 1.14 million. Average volume is 699,696. -Michael Squires; 201-938-5400

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