Creditors have given Performance Sports Group (PSG), parent company of Bauer and other brands, an extension from Oct. 5 to Oct. 28 to file its financial statements for the financial year ended May 31, pending an internal investigation of its accounts and those being conducted by U.S. and Canadian regulatory authorities. In exchange for the extension, lenders are raising interest charges by 1.5 percent on their credit facility and by 0.5 percent on their revolving credit. PSG will issue bi-weekly “default status reports” and company managers will not trade in the company's shares. Meanwhile, a committee of independent PSG directors has hired Centerview Partners to help review strategic alternatives, indicating a possible sale of the whole company or some of its brands, including Easton's baseball and softball business. A former chairman of PSG, Graeme Roustan, has indicated that he might make a bid for the company.

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