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.

The facility is led by managing agents Chemical Bank, Bank of Nova Scotia, Bankers Trust Co., Chase Manhattan Bank, Continental Bank, NationsBank of North Carolina, and Wachovia Bank of North Carolina. Chemical Bank is administrative agent and Bank of Nova Scotia is fronting bank.

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