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Increasingly, borrowers also seek her aid in modifying loan terms (for example, decreasing the principal payments and extending the maturity date) to cope with setbacks.
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The company said it was negotiating with the banks to extend the maturity date on about $150 million in loans due on May 31.
After the economy plummeted, Mr. Trump exhibited similar gall in suing a consortium led by Deutsche Bank as he sought to force it to extend the maturity date of a key construction loan.
The agreements with Warnaco's creditors will extend the maturity dates of its $500 million trade credit and $600 million bridge loan until August 2002.
Creditor banks also agreed to extend the maturity dates of commercial paper and corporate bonds of the troubled Hyundai Engineering and Construction unit, Mr. Kim said.
Comstock, a home developer based in Reston, Va., said it made a $5 million principal curtailment on its unsecured line of credit with the bank, and entered agreements to extend the maturity dates and repayment requirements of all remaining outstanding Bank of America loans.
Extending the maturity of bonds is the next step.
Angela Merkel, the German chancellor, said the Eurogroup was ready to consider extending the maturity on Greek loans.
He favors simply extending the maturity of existing notes by five years, at the same interest rate.
You don't turn bad loans into good loans simply by extending the maturity or capitalizing the interest.
"If the maturity date of all official sector debt was extended by 20 years, the market would know that it could lend for up to 19 years without fear of competing with official sector credits for payment," Mr. Buchheit said.
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