Metallurg looking at financing to restructure long-term debt

New York, Aug. 3 - Metallurg Holdings, Inc. said it has started talks with Morgan Stanley about exploring financing alternatives to restructure its long-term interest-bearing obligations.

Metallurg is a Wayne, Pa. specialty metals company. It has had trouble meeting coupon payments on time in the recent past and is currently operating with a letter of support from majority owner Safeguard International Fund, LP assuring that it will meet its cash flow needs through at least May 31, 2006.

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