Asarco extends overdue $450 million revolver to Jan. 31

New York, Nov. 15 - Asarco, Inc. said it obtained an extension of its $450 million revolving credit line originally scheduled to mature on Nov. 10.

The revolver now matures on Jan. 31, 2003.

The Phoenix copper miner said the extension will give it time, along with its parent company Grupo Mexico, SA de CV, to make new arrangements with other banks and with U.S. authorities to fully settle the debt.

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