TOUSA announced the signing of the DIP credit agreement, approved by the United States Bankruptcy Court
TECHNICAL OLYMPIC GROUP's management informs the investment community that US subsidiary TOUSA Inc. announced on February 8, 2008 the signing of the DIP Credit Agreement and its terms, dated February 5, 2008 between TOUSA Inc. and Citigroup Global Markets Inc., whose finalizing received the appropriate approval by the competent United States Bankruptcy Court, as this has been announced at the press release of our Group dated January 31, 2008.
The text and all details of the DIP Credit Agreement are available at the website of the US Securities and Exchange Commission, www.sec.gov as well as at the website of the subsidiary company, www.tousa.com.