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Prospect News home > News index > List of issuers P > Headlines for PRG-Schultz International, Inc. > News item
Published on 12/20/2005 in the Prospect News Convertibles Daily and Prospect News Distressed Debt Daily.

PRG-Schultz financing agreement term extended to Wednesday

By Caroline Salls

Pittsburgh, Dec. 20 - PRG-Schultz International, Inc. entered into an amendment to its financing commitment that extends the commitment to Wednesday, according to an 8-K filing with the Securities and Exchange Commission.

The agreement is between the company and Petrus Securities LP, Parkcentral Global Hub Ltd., Blum Strategic Partners II GmbH & Co. KG. and Blum Strategic Partners II, LP, all beneficial owners of the company's stock and 4¾% convertible subordinated notes due 2006.

PRG-Schultz is an Atlanta-based firm involved in recovery auditing and profit improvement.


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