Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Making Money is Main Objective -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (591)	1/23/2001 7:52:38 PM
From: Softechie	Read Replies (1) \| Respond to of 2155

Warnaco Extends Interest Payment Period On Conv Debentures 04 Dec 14:10 WASHINGTON (Dow Jones)--Warnaco Group Inc. (WAC) extended the interest payment period on its 6% subordinated convertible debentures by an additional quarter to March 31, according to a filing released Friday by the Securities and Exchange Commission. The current interest payment period had been set to expire Dec. 31, the filing said. Warnaco said that although the extension is for one quarter, it expects that it will continue to extend the interest period quarterly at least through the earliest maturity date of current financing lines, which is Aug. 12, 2002. The 6% subordinated convertible debentures due 2016 were assumed by Warnaco after its 1997 acquisition of Designer Holdings Ltd. On Oct. 6, Warnaco announced the completion of a $2.56 billion refinancing. According to the filing, the company believes the new financing agreements, together with the operational initiatives it has been implementing and expanding over the last several months, provide a foundation for Warnaco's future performance. Based in New York, Warnaco makes intimate apparel, menswear, jeanswear, swimwear, men's and women's sportswear, better dresses, fragrances and accessories. -Dan Lowrey; Dow Jones Newswires/Federal Filings Business News; 202-393-7402 (END) DOW JONES NEWS 12-04-00 02:10 PM