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SHEFFIELD INDUSTRIES CASH COLLATERAL AGREEMENT

 MIAMI, Feb. 17 /PRNewswire/ -- Sheffield Industries, Inc. announced today that the U.S. Bankruptcy Court has approved a Cash Collateral Agreement allowing the use of cash collateral for the continued operation of its business. This agreement was approved by Sheffield's Senior Lender, Continental Bank, N.A., the committee of unsecured creditors, and the company. The Agreement and order provide for financing of the company's operations through June 15, 1993.
 Sheffield Industries, Inc. manufactures and distributes ladies' and children's hosiery products and panty hose, knee-highs and tights under various brand labels and private labels to customers including K-Mart, Wal-Mart, J.C. Penney, Rite-Aid, F.W. Woolworth, Family Dollar, Payless Shoe Source, and Sears. Sheffield also markets T-shirts, sweatshirts and sweatpants under licenses from major colleges and universities and manufactures and markets "LeRoi" children's panty hose, tights and sleepwear.
 -0- 2/17/93
 /CONTACT: Mitchell A. Hammer, president of Sheffield Industries, Inc., 305-624-8493/


CO: Sheffield Industries, Inc. ST: Florida IN: TEX SU: BCY

AH-KW -- NY091 -- 7414 02/17/93 14:31 EST
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Publication:PR Newswire
Date:Feb 17, 1993
Words:170
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