EVANSVILLE, Ind. -- Accuride Corp. has entered into an agreement with the lenders of its fourth amended and restated credit agreement that effectively extends the temporary waiver period granted by the lenders as of July 1, until Sept. 30, subject to certain early termination provisions. The third temporary waiver agreement addresses any failure to comply with certain obligations under the credit agreement and any failure to pay interest to holders of Accuride’s 8.5 percent senior subordinated notes due 2015.

“This extension demonstrates our lenders’ on-going commitment to assisting in the development of a capital structure that will ensure the long-term health of the company,” said Bill Lasky, Accuride’s president, CEO and chairman of the board.

As consideration for the Waiver, Accuride agreed to provide detailed and regular financial information to a steering committee that was formed to represent the lenders in their negotiations with Accuride and to comply with other restrictions, including restrictions on incurring additional debt, making investments and selling assets, as well as specified minimum liquidity requirements.