Press Release Services and Business News from Send2Press, a unit of Neotrope, established 1983
Press Release Writing and Distribution
  Send2Press Archive: 2000-2004 Neotrope®
Public Relations
Press Release Services and Media Relations
Send2Press® - Press Release Writing, Newswire Distribution, Press Release Optimization, Internet Marketing, Podcasting, SEO, Media Monitoring, Media Coaching, News Syndication, Book Marketing, Entertainment News, Web PR, and Media Relations since 1983   media relations
press release writing
Press Release Services and Business News from Send2Press, a unit of Neotrope, established 1983
 
NEWS WIRES:
» Ad Industry News
» Aerospace News
» Arts News
» Automobile News
» Biotech News
» Book News
» Business News
» Computer Industry News
» Construction News
» DotCom News
» eCommerce News
» Education News
» eMarketing News
» Entertainment News
» Employment News
» Energy News
» Family/Parenting News
» Fashion Industry News
» Fitness Industry News
» Food & Cooking News
» Graphics News
» Insurance News
» Interior Design News
» Internet News
» Investor News
» Manufacturing News
» Medical News
» Music News
» NonProfit News
» Peace/Ecology News
» Podcasting News
» Political News
» Real Estate News
» Religion News
» Retail News
» Security Solutions News
» Small Cap & OTC News
» Software Industry News
» Sports News
» Telecom News
» Travel Industry News
» TV & Cable News
» VoIP News
» US Newswires
» Business Profiles
» More News Channels
» Today's Headlines

Distribute your News with Send2Press® Press Release Services

 

Business News
PRESS RELEASE ARCHIVES FROM SEND2PRESS® NEWSWIRE

NOTICE: THIS IS ARCHIVAL CONTENT AND LIKELY OUT OF DATE.

Edited for Send2Press by Carly Zander


Citation Corp. Completes Voluntary Restructuring

BIRMINGHAM, AL - Jan. 6, 2004 /Send2Press Newswire/ -- Citation Corporation (Citation, www.citation.net) announced today that it reached an agreement with its lenders to restructure the company's debt and equity. Affiliates of Kelso & Company, the company's primary shareholders have invested an additional $20 million. The new arrangement provides Citation with additional liquidity by restructuring the current debt service arrangement. In addition, Citation reduced its indebtedness obligations by approximately $116 million as a result of these transactions.

Citation CEO, Ed Buker, expressed his thanks for the cooperation and support of the company's shareholders, lenders, suppliers, customers, and employees over the past year. He stated, "I am confident that these new arrangements will position Citation for future growth and improved profitability as both our core business as well as the nation's overall economy continue to improve."

logo (c) About Citation Corporation
Citation Corporation is a leader in the design, development and manufacture of cast, forged and machined components for the capital and durable goods industries, including automotive and industrial markets. Citation has approximately five thousand employees serving seventeen divisions in eight states. The company produces aluminum, steel and iron castings; steel forgings; and machined and assembled components for automobiles and light, medium and heavy trucks; off-highway construction equipment; agricultural equipment; pumps; compressors; industrial valves; machine tools; aircraft; oil tools and other durable goods. Annual sales exceed $650 million.



FOR INFORMATION ABOUT THE COMPANY OR ORGANIZATION(S) MENTIONED IN THE ABOVE BUSINESS NEWS ARTICLE, PLEASE CONTACT THE COMPANY DIRECTLY AND NOT THIS WEBSITE.

DISCLAIMER: the above business news article is believed accurate but not guaranteed, and is based on business news supplied by the company or organization mentioned and/or quoted in the story. Neotrope/Send2Press makes no claims of accuracy or suitability for any purpose. Any opinions expressed by representatives of company(s) mentioned in news item are solely those of the person indicated, and do not reflect any opinion or policy of Neotrope/Send2Press. Your use of any information contained herein is done solely at your own risk, and you are fully responsible for using any information herein, or on sites mentioned or linked to in the article.

USE OF THE ABOVE NEWS ARTICLE
Article is Copr. © 2004 Neotrope/Send2Press. Reproduction of this news article in any form requires written authorization. You may freely link to this article. For more information on using this article in print or on your website, please visit: www.freeNewsArticles.com™.



Add Our News Headlines to Your Website Free
Free headline feed


Journalists & Editors
Choose your news by preferred topic(s).
Privacy protected.
MORE INFO

Archived Releases

Most Recent Releases


Subscribe to RSS Feed



NOTICE: THIS PAGE IS ARCHIVAL CONTENT AND SHOULD NOT BE RELIED UPON FOR ACCURACY.
Top of Page | Home Page | E-mail This News Story

Press Release Services from Send2Press
Click Links Below to Learn More About Send2Press News & Press Release Services:
News Distribution by Send2Press   |   Press Release Writing Services
business news
 Copr. © 1983-2014 Neotrope® — all rights reserved. Privacy/Legal Statements 
Press Release Writing
Business Press Release Services | Compare News Distribution Plans | Agency Program | How to Order
PR Services Add-on Options | Price List | SEO+PR™ Services | Press Release Writing | Publication Lists
Client Testimonials | About Us | Contact Us | Newswire Channels |
News About Send2Press | | RSS/XML Feed

Free News Articles