On July 25, 2002, the Company entered into a $200,000,000 Senior Secured Credit Facility (the Senior Secured Credit Facility), which is syndicated among several banks. It is suggested that these Unaudited Financial Statements be read in conjunction with the consolidated financial statements and the notes included in the Companys latest annual report on Form 10-K as filed with the Securities and Exchange Commission (SEC). 144) and accordingly the presentation for all periods, including the accompanying unaudited condensed consolidated balance sheet at Decemhas been reclassified to conform with the new standard. 144, ∺ccounting for the Impairment or Disposal of Long-Lived Assets(SFAS No. Effective in the third quarter of 2001, the Company adopted Statement of Financial Accounting Standards (SFAS) No. Although certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been omitted, the Company believes that the disclosures included are adequate to make the information presented not misleading. and include the accounts of Nortek, Inc., and all of its wholly-owned subsidiaries (the ∼ompany) after elimination of intercompany accounts and transactions, without audit and, in the opinion of management, reflect all adjustments of a normal recurring nature necessary for a fair statement of the interim periods presented. The unaudited condensed consolidated financial statements (the Unaudited Financial Statements) presented have been prepared by Nortek, Inc.
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