OTHER NEWS - Oct. 2, 1991
From Times Staff and Wire Reports
Standard Brands Wins Loan Extension: The Torrance-based paint retailer said Security Pacific Bank agreed not to exercise its right to call in loans through Oct. 31. Security agreed in August to a moratorium through Monday, so the new agreement extends that for 30 days. Financially ailing Standard owes Security $27.6 million. Standard also set its long-delayed annual meeting for Nov. 22. The company has been attempting to find new investors to shore up its finances. A spokesman said talks are continuing. Standard stock rose 50 cents to $5.25 on the NYSE.
