Wichita, KS, September 15--Invista B.V. is commencing the process of refinancing certain tranches of its senior secured credit facility and seeking other modifications to such facility to reduce the interest rates on its term loans and to revise certain covenants to provide greater flexibility for the payment of dividends and other distributions.
Such refinancing and modifications are contingent on the approval of the lenders under its senior secured credit facility and there can be no assurance that the lenders will approve the refinancing and modifications.
