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Hayes Lemmerz seeks amendment to permit a new accounts receivable securitization program
By Sara Rosenberg
New York, Oct. 27 - Hayes Lemmerz International Inc. held a lender call Wednesday regarding amending its credit facility to allow for a new accounts receivable securitization program, according to an 8-K filed with the Securities and Exchange Commission.
The company is also looking to modify some financial covenants.
Hayes Lemmerz is a Northville, Mich.-based auto parts maker.
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