Tousa Extends Financing Agreement With Citigroup

Law360, New York (May 5, 2008, 12:00 AM EDT) -- Bankrupt builder Tousa Inc. struck a deal last week with Citigroup Inc. to extend its financing agreement until May 23 and may extend it until the end of the month, according to documents filed by Tousa with the U.S. Securities and Exchange Commission on Monday.

Tousa and Citigroup entered into a new amended financing agreement on April 29, which provided that the agreement, which had already been extended from April 30 to May 8, could be extended further to May 30, according to the SEC filing....
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