Dresser given more time to deliver financials

New York, May 31 - Dresser, Inc. said it has amended its senior secured credit facility and obtained a consent and waiver under its senior unsecured term loan giving it more time to supply its 2004 audited financial statements and 2005 first quarter unaudited financial statements.

The Dallas-based supplier of engineered equipment and services to the energy industry now has until July 15, 2005.

The extension was needed because of delays in finalizing the previously announced restatements of prior financial statements and completing the 2004 audit, Dresser said.

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