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Burlington Completes Credit Facility Refinancing

Burlington Completes Credit Facility Refinancing Burlington Industries Inc., Greensboro, N.C., announced that it has entered into an amended and restated bank credit facility with its existing lenders, which extends the maturity of the facility for up to two and a half years. The facility provides for revolving and overnight loans and letters of credit aggregating $600 million. Under the amended facility, the company has unused capacity of $175 million.George W. Henderson III, chairman and CEO, said, We are pleased to have concluded these financial agreements. This credit facility is visible evidence of the strong continuing support from our lenders. The liquidity and financial flexibility provided by this financing will enable us to move forward with confidence as we work to improve operations and reduce debt. February 2001