Metal Management Extends Credit Agreement

Metal Management works out financing agreement.

Metal Management, Inc. has agreed with its bank group to extend the maturity date of its credit agreement to January 1, 2004.

Albert Cozzi, Metal Management's chairman and CEO, said, "We appreciate the support of our lenders and their commitment to the company. We are continuing to explore financing alternatives that will permit the company to refinance its 12.75 percent secured notes."