Footstar, Inc. today reported that it has received a waiver and extension until February 11, 2004 of the requirement to provide financial statements to the syndicate of banks, led by Fleet National Bank, that provides the Company's $345 million senior secured credit facility.
The Company expects to file its Form 10-K for fiscal year 2002 no later than February 27, 2004 and is continuing to negotiate with its syndicate of banks to obtain an extension of the waiver that expires on February 11, 2004 as well as additional availability and amendments to covenant provisions, as necessary.
