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Speizman Industries, Inc. reported today that it has entered into a Fifth Amendment and Forbearance Agreement relating to its credit facility with SouthTrust Bank, extending the maturity date until March 31, 2003. The credit facility as amended provides a revolving credit facility up to $13.0 million and an additional line of credit for issuance of documentary letters of credit up to $6.0 million. The availability under the combined facility is limited to...
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