ROCHESTER HILLS, MI -- DURA Automotive Systems, Inc. has announced that it has filed a backstop rights purchase agreement, which provides for certain backstop commitments. The agreement is based upon a term sheet originally filed with the U.S. Bankruptcy Court on July 12 as part of a motion requesting the Court approve the backstop rights purchase agreement and certain associated fees.

Under the terms of the agreement, Pacificor, LLC, one of DURA’s senior noteholders, has elected to underwrite 100 percent of the backstop commitment.

The court is currently scheduled to hear the backstop motion on August 15.

For more information about Dura, go to: www.duraauto.com.