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

GREENSBORO, N.C., Feb. 16 /PRNewswire/ — Burlington Industries, Inc. (NYSE: BUR) announced today
that it has sold its tufted bath and area rug business located in Monticello, Arkansas to the
Yanoor Corporation, a holding company owned by Saeid Korhani. The business will operate under the
name Burlington Rug Corporation. Ralph Grogan, President of Burlington House Floor Accents said,
“We are very pleased that this facility will continue as an ongoing operation serving both the
marketplace and providing employment for our associates. Burlington has a long history in
Monticello. Both the employees and the community have always shown great support and dedication. We
wish Yanoor and all its associates much success in their new company.” Commenting on the sale,
Roger Miller, President of Burlington Rug Corporation said, “We are very pleased to have concluded
this purchase. We intend to quickly diversify the product line and move the company forward.”
Burlington announced in October 2000 that it would exit the tufted area rug portion of its
Burlington House Floor Accents business. This press release contains statements that are
forward-looking statements within the meaning of applicable federal securities laws and are based
upon the company’s current expectations and assumptions, which are subject to a number of risks and
uncertainties that could cause actual results to differ materially from those anticipated. Such
risks and uncertainties include,among other things, global economic activity, the success of the
company’s overall business strategy, the company’s relationships with its principal customers and
suppliers, the success of the company’s operations in other countries, the demand for textile
products, the cost and availability of raw materials and labor, the company’s ability to refinance
and service its existing debt and to finance its capital expenditures and working capital needs,
the level of the company’s indebtedness and the exposure to interest rate fluctuations,
governmental legislation and regulatory changes, and the long-term implications of regional trade
blocs and the effect of quota phase-out and lowering of tariffs under the WTO trade regime and of
the changes in U.S. apparel trade as a result of recently-enacted Caribbean Basin and Sub-Saharan
African trade legislation. Other risks and uncertainties may also be described from time to time in
the company’s other reports and filings with the Securities and Exchange Commission.SOURCE
Burlington Industries, Inc.Web Site: http://www.burlington-ind.comCopyright 2001 PR News wire

GREENSBORO, N.C., Feb. 2 /PRNewswire/ — Guilford Mills Inc. (NYSE: GFD) announced today that its
Home Fashions division has signed an exclusive licensing agreement with Jockey International Inc.
Under the agreement, Guilford Home Fashions will create and distribute a collection of bedding and
accessories under two labels -Jockey Home and Jockey Classic – which will be introduced at the
Spring Home Textile Market week beginning on March 31, 2001. John A. Emrich, President and Chief
Executive Officer of Guilford Mills,said, “In combination with our global sourcing initiatives, we
believe that licensing and branding opportunities will drive profitability and growth in our Home
Fashions business. We could not be more pleased to be working with Jockey, owner of one of the most
recognized brands in the world, and one that is synonymous with quality, performance and value.
Together, we will be better able to capture the growing opportunities in the home textile
business,especially within the age 35+ female consumer and baby-boomer groups – the largest sources
of home decorating dollars. “Guilford Mills is the largest warp knitter in the world and one of the
largest producers of Lycra(R)-containing fabrics. Our partnership with Jockey is a natural
extension of Guilford’s commitment to innovation and expertise in knitting high quality fabrics.
For instance, we will premiere an exclusive knit fabrication for Jockey that features compact ring
spun Supima(R) cotton,blended with Lycra(R). This high performance, fashion conscious fabric is one
example of Guilford’s innovation that we can leverage with a brand like Jockey to capitalize on the
growth in the home textile business,” Mr. Emrich concluded. Bob Nolan, President of Jockey Brands
said, “Jockey has continued to seek out partners in a number of markets to broaden the scope of
Jockey product potentials. In our quest to expand into other areas, we never lose sight ofour
commitment to fashion and quality. We are therefore extremely gratifiedto have a respected company
such as Guilford Home Fashions as our partner in this area.” About Jockey International Inc. Jockey
International Inc. is a manufacturer of men’s, women’s, boys’ andgirls’ underwear, which are sold
in major department and specialty stores across the country. The products are also available
globally in over 120countries. Located in Kenosha, WI, the 125 year-old-company is committed
toquality, fashion, innovation, comfort and value. About Guilford Mills Inc. Guilford Mills is an
integrated designer and producer of value-added fabrics using a broad range of technologies. The
Company is the largest warpknitter in the world and is a leader in technological advances in
textiles,including micro denier warp knits and wide width circular knits of cotton blended with
Lycra(R). Guilford Mills serves a diversified customer base in the home furnishings, apparel,
automotive and industrial markets. Through its Guilford Home Fashions subsidiary, the Company
produces bedding products,window treatments and shower curtains for the retail market.
Additionalinformation about the Company can be obtained from its website
athttp://www.guilfordmills.com. This press release may be deemed to contain forward-looking
statements and other projections within the meaning of Section 27A of the Securities Act andSection
21E of the Exchange Act. The Company assumes no obligations to update or revise any such
forward-looking statements. Such statements could be subject to risk and uncertainty that exist in
the operations of the Company and the business environment that could render actual outcomes and
results materially different from those predicted. These risks and uncertainties include, without
limitation, the following factors as well as risks and uncertainties disclosed in the Company’s
filings with the Securities and Exchange Commission: 1. General economic factors including, but not
limited to, changes in interest rates, foreign currency translation rates, consumer confidence,
housing starts, trends in disposable income, changes in consumer demand for goods produced, and
cyclical or other downturns 2. The overall level of automotive production and the production of
specific car models 3. Fashion trends 4. Information and technological advances 5. Cost and
availability of raw materials, labor and natural and other resources 6. Domestic and foreign
competition 7. Domestic and foreign governmental regulations and trade policies 8. Reliance on
major customers 9. Success of marketing, advertising and promotional campaigns 10. Inability to
achieve cost reductions through consolidation and restructuring or 11. Inability to obtain
financing on favorable terms or to obtain amendments or waivers with respect to non-compliance with
certain covenants in loan agreements SOURCE Guilford Mills, Inc.Web Site:
http://www.guilfordmills.com Copyright 2001 PR Newswire

Globe Manufacturing, Fall River, Mass., announced that an involuntary petition for relief under
Chapter 11 of the United States Bankruptcy Code was filed in the United States Bankruptcy Court for
the Eastern District of Massachusetts by a group of holders of the companys 10-percent Senior
Subordinated Notes due August 2008.The company said that, for the last several months, it has been
in discussions with such holders, as well as its other creditor groups, regarding a restructuring
of its debt. Discussions with bank lenders are ongoing, and the company continues to explore a
number of alternatives, including the potential sale of the company and an operational
restructuring.In light of the recent filing, the company has decided to reduce its Fall River
workforce by approximately 130 persons. The staffing cuts will be made primarily from the
dry-spinning and reaction-spinning operations and include both manufacturing and administrative
positions.
February 2001

DALTON, Ga., Jan. 29 /PR Newswire/ — Collins and Aikman Floor coverings Inc.announced that it has
successfully completed its tender offer and consent solicitation for its outstanding 10% Senior
Subordinated Notes due 2007 and Series B 10% Senior Subordinated Notes due2007. As of 9:00 a.m.,
New York City time, on Thursday, January 25, 2001, the scheduled expiration for the Offer,
$84,750,000 in aggregate principal amount of the Notes had been validly tendered pursuant to the
terms of the Offer to Purchase and Consent Solicitation Statement, dated December 19, 2000. The
Company has accepted for payment and promptly will pay for all Notes validly tendered in the Offer.
Credit Suisse First Boston (“CSFB”) acted as Dealer Manager and MacKenzie Partners, Inc. served as
the Information Agent in connection with the Offer. An international manufacturer and supplier of
high-performance commercial carpeting for the corporate, health care, education, government, and
retailing sectors, the Company is renowned for pioneering the development of environmentally
responsible products. The Dalton, Georgia-based company produces floor coverings that last up to
three times longer than convention al carpeting, and remains the first and only manufacturer to
make a 100 percent recycled-content vinyl backing, ER3. In June 1999, the Company merged with
Monterey Carpets, a California-based manufacturer of high-end, award winning designs in broadloom
carpet for the corporate, retail store planning, and institutional markets. This was followed by
the acquisition of Nova Scotia-based Crossley Carpet Mills, in July 1999, continuing the Company’s
international growth strategy and enabling it to better serve the Canadian market. The Company is a
leading producer of modular carpet tile and the number one producer of six-foot roll carpet.SOURCE
Collins and Aikman Floor coverings, Inc.Copyright 2001 PR News wire

Springs Industries Consolidates Production Springs Industries Inc., Fort Mill, S.C., announced it
would eliminate some production at its Katherine and Elliott plants in Chester County, S.C.,
affecting approximately 320 jobs. Outdated yarn spinning will be eliminated at both plants. In
addition, some narrow looms, which are not compatible with newer fabrication equipment, will be
phased out at the Katherine plant.By continuing to invest in modern technology and replace or
eliminate more costly manufacturing, we are able to produce more yarn and fabric at fewer
facilities and keep our domestic facilities competitive in this very demanding industry, said
William K. Easley, senior vice president and president of textile manufacturing.
February 2001