CONCORD FABRICS <CIS> RESTRUCTURING DEBT
Concord Fabrics Inc said it has
restructered its long-term debt with an institutional lender.
    The company said it extended its debt by borrowing 15 mln
dlrs and paying off its existing term loan of 3,100,000 dlrs,
resulting in a new debt of 11.9 mln dlrs.
    The company said the remaining funds will be used to equip
a prooduction facility in Chino, Calif., and provide working
capital.
 Reuter
