Footstar gets extension of financial statements deadline

By Sara Rosenberg

New York, Jan. 30 - Footstar Inc. got a waiver and an extension until Feb. 11 to provide financial statements to its bank syndicate. Fleet National Bank is the lead bank on the $345 million senior secured credit facility.

However, negotiations are still ongoing regarding another extension of the deadline since the company anticipates filing its form 10-K for fiscal year 2002 no later than Feb. 27.

Furthermore, the company is also negotiating additional availability and amendments to covenant provisions, according to a company news release.

Footstar is a West Nyack, N.Y., footwear retailer.

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