Northstar Aerospace lenders extend forbearance agreement until June 13

By Caroline Salls

Pittsburgh, June 12 - Northstar Aerospace, Inc. said the syndicate of lenders for its existing credit facility has extended the company's forbearance agreement through June 13.

According to a news release, the company is continuing its process of exploring and evaluating strategic alternatives.

As previously reported, significant doubt remains about Northstar Aerospace's ability to continue as a going concern.

Northstar is a Chicago-based maker of flight-critical gears and transmissions.

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