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Published on 9/25/2009 in the Prospect News Bank Loan Daily, Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

Accuride noteholders, senior lenders extend restructuring deadlines

By Caroline Salls

Pittsburgh, Sept. 25 - Accuride Corp. said holders of its 8½% senior subordinated notes due 2015 have agreed to extend the company's deadline for agreeing to a restructuring transaction to Sept. 30, according to a company news release.

Accuride said its senior lenders have also extended the milestone date under their temporary waiver until Sept. 30.

The company said both extensions are expected to give it enough time to finalize terms of a financial restructuring.

Accuride is an Evansville, Ind.-based manufacturer and supplier of commercial vehicle components.


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