Orius amends credit facility, extending forbearance, delaying principal payment

New York, April 4 - Orius Corp. extended the forbearance agreement on its bank credit facility and postponed a scheduled principal payment, according to a filing with the Securities and Exchange Commission.

The West Palm Beach, Fla. company said in the filing that effective March 29 it entered into the seventh amendment to its credit facility.

Under terms of the agreement, the forbearance of defaults is extended to April 30, 2002 from March 31, 2002.

In addition, the $6.1 million principal payment due March 31, 2002 was deferred until either the end of the forbearance period although if this is extended again the principal payment must be made by June 30, 2002.

The credit facility, which was taken out by Orius Corp. and its NATG Holdings, LLC unit, is with Bankers Trust Co. as administrative agent.

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