Amadeusz Juskowiak

Hecks hex says credit agreement expired

Hecks Inc said that its credit agreement with a group of banks expired on February 28 and that the banks are demanding payment on the loans

Hecks which did not disclose the amount being sought by the banks said it is holding discussions with its lenders that should be completed sometime this week

Hecks added however that it could not predict whether a new credit agreement will be reached

Reuter