EaglePicher to explore refinancing options with Credit Suisse as adviser

By Jennifer Chiou

New York, July 11 - EaglePicher Corp. said it has engaged Credit Suisse as its adviser in evaluating refinancing opportunities.

EaglePicher noted that its agreement to sell EP Boron to Ceradyne, Inc. for about $69 million should enable the company to favorably refinance its existing debt.

EP Boron is an EaglePicher company that produces enriched boron and products containing other stable isotopes for the nuclear, semiconductor and hazardous materials industries.

Based in Inkster, Mich., EaglePicher exited Chapter 11 on July 31, 2006. It had filed for bankruptcy on April 11, 2005, and its Chapter 11 case number was 05-12601.

EaglePicher Corp.'s operating companies are Hillsdale Automotive, Wolverine Advanced Materials, EP Boron, EaglePicher Technologies, EP Medical Batteries, EP Pharmaceutical Services and EP Minerals.

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