Kimball Hill gets time from lenders
ROLLING MEADOWS -- Kimball Hill Homes announced Friday it has further extended the existing waiver agreement with its lender group through May 9. The waiver agreement was previously set to expire Friday. During this extension period, Kimball Hill will continue active discussions with its lenders to formulate and implement a long-term solution to reposition the company in light of challenges facing the homebuilding industry. "During this period, we continue homebuilding operations as usual," CEO Kenneth Love said in a statement.
Article Comments
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked.
If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.