EaglePicher does not pay dividend on preferreds

New York, Sept. 4 - EaglePicher Holdings, Inc. said it did not declare or pay the cash dividend payable Sept. 2 on its series B 11.75% cumulative redeemable exchangeable preferred stock.

The Phoenix manufacturer of technological and industrial products said that its only source of funds to pay dividends on the preferreds is its EaglePicher Inc. subsidiary and EaglePicher Inc. was prohibited from paying dividends by the terms of its senior secured credit facility.

EaglePicher Inc.'s credit facility prohibits it from declaring or paying cash dividends unless the ratio of total debt to EBITDA is less than 3.0:1 pro forma for any payment.

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