Jun 22, 2009. /Lesprom Network/. AbitibiBowater Inc. today announced that it has completed an amendment and restating of its existing accounts receivable securitization program for the Company's Abitibi-Consolidated subsidiary, PR Newswire reported. The amended US$270 million program, which Citibank, N.A. and Barclays Capital Inc. led as joint lead arrangers, provides the Company with the liquidity necessary to conduct ongoing business operations during AbitibiBowater's restructuring and allows the previously court-authorized sale of receivables and related rights to continue. "Completing the amendment to this securitization program is an important milestone as we work through the stabilization period of the Company's restructuring process," stated David J. Paterson, President and Chief Executive Officer. "We appreciate the confidence shown by our financial partners as AbitibiBowater strives to emerge, as rapidly as possible, from the creditor protection filings a stronger, more sustainable organization." The Company had obtained an interim court order in the U.S. as well as a Canadian court order authorizing Abitibi-Consolidated to enter into an amended and restated securitization program.