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Gold/Mining/Energy : Friede Goldman Halter (FGH) -- Ignore unavailable to you. Want to Upgrade?

To: Yogizuna who wrote (93)	10/27/2000 4:31:44 PM
From: Mark Adams	Read Replies (2) \| Respond to of 177

Friede Goldman Halter Announces $110 Million Financing Completion Added 100 shares (last of the big spenders <g>) at about 5 5/8 today. Friede Goldman Halter Announces $110 Million Financing Completion GULFPORT, Miss.--(BUSINESS WIRE)--Oct. 27, 2000--Friede Goldman Halter, Inc. (NYSE:FGH - news) today announced that it had completed a $110 million financing arrangement. The financing is a three-year commitment that includes a $70 million line of credit and a $40 million term loan. Proceeds from the term note were used to pay off the Company's existing line of credit of $41 million. ``This new credit facility will allow us to focus on our primary objective of building profitable backlog'' said John Alford, president and chief executive officer of Friede Goldman Halter. ``We are confident that the market is turning and we are positioning the Company to take advantage of all opportunities.'' Note: This press release includes certain statements that may be deemed to be ``forward-looking statements'' within the meaning of Section 27A of The Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Friede Goldman Halter expects, believes or anticipates will or may occur in the future, are forward-looking statements. These statements are based on certain assumptions and analyses made by Friede Goldman International Inc. in light of its experience and its perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Friede Goldman Halter and which are discussed in Friede Goldman Halter's Registration Statement on Form S-1 and the 1999 Annual Report on Form 10-K. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements.