Thislatest waiver extension gives Eagle until the middle of May to reach anagreement with holders of its $1.1bn term loan.
Withoutthe waivers, the company is not in compliance with loan covenants governingleverage and minimum interest coverage.
Eaglehas previously warned that there is no assurance that such discussions willresult in a comprehensive resolution.
Infact signs appear stronger than ever that Eagle is heading to a pre-packagedChapter 11 bankruptcy filing.
Michael
