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Metaldyne no longer requires waivers from senior bank group, accounts receivables lenders
By Ted A. Knutson
Washington, Nov. 17 - Metaldyne Corp. said Wednesday it is no longer required to seek waivers from its senior bank group and accounts receivable lenders because it is has become current with financial statements to the Securities and Exchange Commission.
The Plymouth, Mich., auto parts maker was required to obtain waivers in April, May and again in September when the May waivers expired because of investigations into alleged accounting irregularities and a delay in filing its 10-K form for fiscal year 2003,
Metaldyne made the disclosure in a 10-Q registration with the SEC.
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