WORLD HEADQUARTERS 6718 W. Plank Rd. Peoria, IL 61604 USA Ph: 309-697-4400 FAX: 309-697-5612 [OBJECT OMITTED] FOR FURTHER INFORMATION: Al Dix Chief Financial Officer (309) 633-6809 al.dix@rohnnet.com ROHN SIGNS AMENDMENT TO CREDIT AND FORBEARANCE...Credit and Forbearance Agreement • August 30th, 2002 • Rohn Industries Inc • Miscellaneous fabricated metal products
August 30, 2002, Peoria, IL -- ROHN Industries, Inc. (Nasdaq: ROHN), a global provider of infrastructure equipment for the telecommunications industry, announced today that it has entered into an amendment to its credit and forbearance agreements with its bank lenders. The amendment to the credit agreement, among other things, modifies the definition of the borrowing base to restrict the Company's access to $1,500,000 of borrowing capacity and imposes certain additional information requirements on ROHN. Under the amendment to the forbearance agreement, the bank lenders have agreed to extend until October 31, 2002 the period during which they will forbear from enforcing any remedies under the credit agreement arising from ROHN's breach of financial covenants contained in the credit agreement. If these financial covenants and related provisions of the credit agreement are not amended by October 31, 2002, and the bank lenders do not waive any defaults by that date, the bank lenders will b
Exhibit 99.2 [LOGO - ROHN INDUSTRIES, INC.] WORLD HEADQUARTERS 6718 W. Plank Rd. Peoria, IL 61604 USA Ph: 309-697-4400 FAX: 309-697-5612 FOR FURTHER INFORMATION: Jeff Jablonski Treasurer (309) 633-5606 jeff.jablonski@rohnnet.com ROHN SIGNS AMENDMENT...Credit and Forbearance Agreement • July 2nd, 2002 • Rohn Industries Inc • Miscellaneous fabricated metal products
July 1, 2002, Peoria, IL -- ROHN Industries, Inc. (Nasdaq: ROHN), a global provider of infrastructure equipment for the telecommunications industry, announced today that it has entered into an amendment to its credit and forbearance agreements with its bank lenders. The amendment to the credit agreement decreases the maximum revolving loan commitment from $25 million to $23 million and modifies the definition of the borrowing base to provide ROHN up to $1,500,000 of additional borrowing capacity. Under the amendment to the forbearance agreement, the bank lenders have agreed to extend until August 31, 2002 the period during which they will forbear from enforcing any remedies under the credit agreement arising from ROHN's breach of all of the financial covenants contained in the credit agreement. If these financial covenants and related provisions of the credit agreement are not amended by August 31, 2002, and the bank lenders do not waive any defaults by that date, the bank lenders will
