Paper-Products Maker Warns Of Loan Default

Law360, New York (March 19, 2008, 12:00 AM EDT) -- A top manufacturer of products used in the production of paper disclosed that it may default on some of its loans and that if the lenders call in the debts, a bankruptcy filing could be in the offing, prompting a free-fall in the company's share price in heavy trading.

Xerium Technologies Inc. announced in both a public statement and a filing with the U.S. Securities and Exchange Commission that it is investigating whether it has complied with its obligations under its credit and guaranty agreement. The...
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