GREENSBORO, N.C. -- Burlington Industries Inc. said its lenders have agreed to amendments that will significantly reduce the spread that applies to the textile company's floating interest rates.

The amended facility continues $505 million in term loans; increases the available revolving credit by $25 million to $400 million; extends loan maturities to March 31, 2001; and reduces required amortization of term loans during the next four years.

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