Crown Central Petroleum extends loan to January 2004

By Sara Rosenberg

New York, June 5 - Crown Central Petroleum Corp. extended its $125 million secured credit facility to Jan. 10, 2004 from June 10, 2003. Congress Financial Corp. is the agent in the loan.

The facility is available for general corporate and working capital purposes.

As was previously announced, the Baltimore refinery operator has retained Park Avenue Equity Management, LLC to assist it in the disposition of all or substantially all of Crown's assets. These efforts are continuing, according to a news release.

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