Document:

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                                                                   Exhibit 10.20

                     SIXTH AMENDMENT TO CREDIT AGREEMENT AND
                              FORBEARANCE AGREEMENT

     THIS SIXTH AMENDMENT TO CREDIT AGREEMENT AND FORBEARANCE AGREEMENT (this
"Agreement"), dated as of September 27, 2002, is entered into by and among
ADVANCED GLASSFIBER YARNS, LLC, a Delaware limited liability company
("Borrower"), the subsidiaries of Borrower signatory hereto as guarantors
("Guarantors"), the Required Lenders signatory hereto, and WACHOVIA BANK,
NATIONAL ASSOCIATION (f/k/a First Union National Bank, a national banking
association), in its capacity as Administrative Agent for the Lenders ("Agent").

                                    RECITALS:

     WHEREAS, Borrower, certain Domestic Subsidiaries (as defined therein) of
Borrower signatory thereto, the Lenders (as defined therein) signatory thereto,
and Agent are parties to that certain Credit Agreement dated as of September 30,
1998; as amended by that certain Syndication Amendment and Assignment dated as
of November 24, 1998, that certain Second Amendment to Credit Agreement dated as
of December 16, 1999, that certain Third Amendment to Credit Agreement and
Waiver dated as of December 14, 2001, that certain Fourth Amendment to Credit
Agreement and Forbearance Agreement dated as of June 28, 2002, and that certain
Fifth Amendment to Credit Agreement and Forbearance Agreement dated as of August
13, 2002 (and as further amended, supplemented or otherwise modified from time
to time, the "Credit Agreement"), various Security Documents (as defined
therein), and other instruments executed in connection therewith (together with
the Credit Agreement and Security Documents, collectively referred to
hereinafter as the "Loan Documents," and each as an individual "Loan Document");
and

     WHEREAS, for its fiscal quarter ended June 30, 2002, Borrower failed to
achieve: (a) a Leverage Ratio of less than or equal to 4.50 to 1.0 as required
by Section 5.9(a) of the Credit Agreement (the "Leverage Ratio Default"); (b) an
Interest Coverage Ratio of greater than or equal to 2.50 to 1.0 as required by
Section 5.9(c) of the Credit Agreement (the "Interest Coverage Ratio Default");
and (c) a Fixed Charge Coverage Ratio of greater than or equal to 1.05 to 1.0 as
required by Section 5.9(e) of the Credit Agreement (the "Fixed Charge Coverage
Ratio Default") and (ii) as a result thereof it defaulted in certain other
obligations under the Credit Agreement as set forth on Exhibit A to this
Agreement (the "Exhibit A Defaults"); and

     WHEREAS, for its fiscal quarter ending September 30, 2002: (a) Borrower
anticipates that it will fail to achieve the Consolidated Net Worth covenant set
forth in Section 5.9(b) of the Credit Agreement (the "Anticipated Consolidated
Net Worth Default"), and (b) Borrower will not make the scheduled principal
payments on the Tranche A Term Loan and the Tranche B Term Loan, as required by
Section 2.2A(b) and Section 2.2B(b), respectively (collectively, the "Term Loan
Payment Defaults") (collectively, the Leverage Ratio Default, the Interest
Coverage Ratio Default, the Fixed Charge Coverage Ratio Default, the Exhibit A
Defaults, the Anticipated Consolidated Net Worth Default and the Term Loan
Payment Defaults are hereinafter

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collectively referred to as the "Covenant Defaults," and each as an
individual "Covenant Default"); and

     WHEREAS, Agent and Required Lenders are willing to forbear from enforcing
their rights arising because of the Covenant Defaults and other defaults
specified herein until the Termination Date (as defined below) on the terms and
conditions specified in this Agreement; and

     WHEREAS, Agent and Required Lenders have agreed to the amendments to the
Credit Agreement as set forth herein; and

     WHEREAS, the outstanding Indebtedness owing under the Credit Agreement
totals the amounts set forth on "Exhibit B" to this Agreement, plus costs,
expenses and other fees and charges as provided in the Credit Agreement and the
other Loan Documents (all such amounts are hereinafter collectively referred to
as the "Current Obligations").

     NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby agree as
follows:

                             SECTION 1. DEFINITIONS

     1.1 All capitalized terms used herein and not otherwise defined herein
shall have the meanings assigned to such terms in the Credit Agreement.

     1.2 The following terms used in this Agreement shall have the meanings set
forth below:

     "Forbearance Default" means any one the following: (a) the occurrence of
any Default or Event of Default (other than the Covenant Defaults and the
default caused by Borrower's failure to make its July 15, 2002 interest payment
pursuant to the Subordinated Debt Documents, if any the "Sub Debt Payment")
under the Credit Agreement; (b) the failure of Borrower or any Guarantor to
comply with any term, condition or covenant set forth in this Agreement; (c) any
representation made by Borrower or any Guarantor under or in connection with
this Agreement shall have been materially false or misleading as of the date
when made; (d) the filing of any petition (voluntary or involuntary) under the
insolvency or bankruptcy laws of the United States or any state with respect to
Borrower or any Guarantor or any of their respective affiliates or Subsidiaries;
provided however, that the filing of an involuntary petition shall not be a
Forbearance Default unless such petition shall not be dismissed or stayed for a
period of ten (10) days or more from the date of filing the petition, or an
order for relief shall have been entered; (e) Borrower or any Guarantor makes a
payment in respect of the Subordinated Debt; or (f) any holder of the
Subordinated Debt (or any agent or representative of such holder), institutes an
action or proceeding to collect or otherwise realize upon the Subordinated Debt
and such action or proceeding shall not be dismissed, stayed or bonded for a
period of twenty (20) days or more after the date of initiation of the action or
proceeding.

     "Termination Date" means the earliest to occur of (a) 5:00 p.m. Eastern
Standard time on October 31, 2002, or (b) the date upon which a Forbearance
Default occurs.

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                        SECTION 2. AGREEMENT TO FORBEAR

     2.1 Provided that no Forbearance Default occurs, Agent and Lenders hereby
agree to forbear and refrain, through the Termination Date, from exercising
their respective rights and remedies under the Credit Agreement or any other
Loan Document that may exist because of the Covenant Defaults or a default
respecting the Sub Debt Payment.

     2.2 Nothing in this Agreement shall be construed as a waiver of the
Covenant Defaults, which defaults shall continue in existence subject only to
the agreement of Agent and Lenders, upon the occurrence of such Covenant
Defaults as set forth herein, not to enforce their respective rights and
remedies for a limited period of time as set forth herein. Notwithstanding the
preceding sentence (and without in any manner limiting the generality or the
specific thereof), the occurrence of any Covenant Defaults or other defaults
identified herein shall only become Defaults or Events of Defaults for purposes
of the Credit Agreement on the Termination Date. Except as expressly provided
herein, the execution and delivery of this Agreement shall not: (a) constitute
an amendment, extension, modification, or waiver of any aspect of the Credit
Agreement or the other Loan Documents; (b) extend the terms of the Credit
Agreement or the due date of any of the Obligations; (c) give rise to any
obligation on the part of Agent or Lenders to extend, modify or waive any term
or condition of the Credit Agreement or any of the other Loan Documents; or (d)
give rise to any defenses or counterclaims to the right of Agent and Lenders to
compel payment of the Obligations or to otherwise enforce their respective
rights and remedies under the Credit Agreement and the other Loan Documents.
Except as expressly limited herein, Agent and Lenders hereby expressly reserve
all of their respective rights and remedies under the Loan Documents and under
applicable law with respect to such Covenant Defaults. Borrower and each
Guarantor expressly acknowledge that from and after the Termination Date, Agent
and Lenders shall be entitled to enforce the Loan Documents and require strict
compliance with all of the terms and provisions of the Credit Agreement and the
other Loan Documents.

     2.3 Borrower acknowledges and agrees that, due to the Covenant Defaults, as
of the Fifth Amendment Termination Date, (a) no LIBOR Rate Loans shall be
available to Borrower, (b) all Loans made to Borrower subsequent to such date
shall bear interest with respect to the Alternate Base Rate, (c) any LIBOR Rate
Loan outstanding as of such date shall continue as a LIBOR Rate Loan until the
termination of the then-existing Interest Period with respect to such LIBOR Rate
Loan, at which time such LIBOR Rate Loan shall automatically convert to an
Alternate Base Rate Loan, (d) Borrower may not continue any Loan (or any portion
thereof) as or convert any Loan (or any portion thereof) into a Loan bearing
interest with reference to LIBOR, and (e) except as set forth in clause (c), all
Loans and other Obligations shall thereafter bear interest at the Alternate Base
Rate provided for in Sections 2.1(d)(i), 2.2A(c)(i), and 2.2B(c)(i).

     2.4 Borrower further acknowledges and agrees that any amounts advanced to
Borrower by the Lenders after the Fifth Amendment Termination Date in excess of
$31,900,000 shall be repaid by Borrower pursuant to any debtor-in-possession
credit facility subsequently entered into among Borrower, Agent and the Lenders
party thereto prior to any other amounts being advanced to Borrower under such
credit facility.

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                 SECTION 3. AMENDMENTS TO THE CREDIT AGREEMENT

     The Credit Agreement is hereby amended as follows:

     3.1 Amendment to Article I of the Credit Agreement. Section 1.1 of the
Credit Agreement, "Defined Terms" is hereby modified and amended as follows:

     (a) The following defined terms are hereby inserted in the appropriate
alphabetical order:

          (i) "`Borrowing Cap' shall have the meaning set forth in Section
     2.1(a)."

          (ii) "`Sixth Amendment' shall mean that certain Sixth Amendment to
     Credit Agreement and Forbearance Agreement dated as of September 27, 2002
     by and among Borrower, Guarantors identified therein, the Lenders
     identified therein and Agent.

          (1) "`Sixth Amendment Effective Date' shall mean the Agreement
     Effective Date as defined in the Sixth Amendment.

          (2) "`Sixth Amendment Termination Date' shall mean the Termination
     Date as defined in the Sixth Amendment."

     3.2 Amendments to Article II of the Credit Agreement. Article II of the
Credit Agreement "The Loans; Amount and Terms" is hereby modified and amended as
follows:

     (a) Section 2.1(a) of the Credit Agreement "Revolving Loans" (as amended)
is hereby amended by deleting the words "FIFTY-SEVEN MILLION DOLLARS
($57,000,000)" and replacing them with the words "THIRTY-FIVE MILLION DOLLARS
($35,000,000)". In connection with the foregoing amendment, each Lender's
Revolving Committed Amount is hereby amended as shown on Schedule I attached
hereto.

     (b) Section 2.1(a) of the Credit Agreement "Revolving Loans" (as amended)
is hereby further modified and amended by deleting the last paragraph thereof in
its entirety and substituting the following therefore:

          "Notwithstanding anything to the contrary contained herein, in no
     event shall Borrower be permitted to borrow Revolving Loans in a principal
     amount greater than $35,000,000 (the "Borrowing Cap")."

     (c) Section 2.1(b) of the Credit Agreement "Revolving Loans" (as amended)
is hereby modified and amended by deleting the words "amount of $5,000,000" from
clause (ii) of such Section and replacing them with the words "amount of
$1,000,000".

     (d) Section 2.3(a) of the Credit Agreement "Swingline Loan Subfacility" is
hereby modified and amended by deleting the words "TEN MILLION DOLLARS
($10,000,000)" in clause (i) of such Section and replacing them with the words
"TWO MILLION DOLLARS ($2,000,000)".

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     3.3 Amendment to Article VI of the Credit Agreement. Article VI of the
Credit Agreement "Negative Covenants" is hereby modified and amended by deleting
Section 6.16 Limitation on Capital Expenditures (as amended) in its entirety and
substituting the following therefor:

          "Section 6.16 Limitation on Capital Expenditures. Borrower will not,
     nor will it permit its Subsidiaries to, make Capital Expenditures in excess
     of $600,000 in the aggregate during the period from the Sixth Amendment
     Effective Date to the Sixth Amendment Termination Date."

                   SECTION 4. REPRESENTATIONS AND WARRANTIES

     In consideration of the limited agreement of Agent and Lenders to amend the
Credit Agreement and forbear from the exercise of their rights and remedies as
set forth above, Borrower and each Guarantor hereby represent and warrant in
favor of Agent and each Lender as follows:

     4.1 Borrower and each Guarantor have the corporate or limited liability
power and authority (a) to enter into this Agreement, and (b) to do all acts and
things as are required or contemplated hereunder to be done, observed and
performed by them, respectively;

     4.2 This Agreement has been duly authorized, validly executed and delivered
by one or more authorized signatories of Borrower and each Guarantor and
constitutes the legal, valid and binding obligation of Borrower and each
Guarantor, enforceable against Borrower and each Guarantor in accordance with
its terms;

     4.3 The execution and delivery of this Agreement and performance by
Borrower and each Guarantor does not and will not require the consent or
approval of any regulatory authority or governmental authority or agency having
jurisdiction over Borrower or any Guarantor that has not already been obtained,
nor contravene or conflict with the formation, charter or organizational
documents of Borrower or any Guarantor, or the provisions of any statute,
judgment or order to which Borrower or any Guarantor is a party or by which any
of their respective properties are or may become bound;

     4.4 As of the Agreement Effective Date (defined in Section 6.3 below), and
after giving effect to this Agreement (a) except as specified herein, no Default
or Event of Default exists under the Credit Agreement, and (b) except as set
forth on Exhibit A to this Agreement, each representation and warranty set forth
in Article 3 of the Credit Agreement is true and correct; and

     4.5 All Loan Documents to which Borrower and each Guarantor are a party,
including without limitation, the Credit Agreement, constitute valid and legally
binding obligations of Borrower and each Guarantor enforceable against Borrower
and such Guarantor in accordance with the terms thereof.

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                      SECTION 5. COVENANTS AND AGREEMENTS

     In order to induce Agent and Lenders to forbear from the exercise of their
respective rights and remedies as set forth above, Borrower hereby covenants and
agrees as follows:

     5.1 Borrower will further refrain from paying its July 15, 2002 regularly
scheduled interest payment, or any other payment then due with respect to the
Subordinated Debt (other than payments to or on behalf of professionals and
advisors retained by or on behalf of some or all of the holders of the
Subordinated Debt).

     5.2 On or before October 4, 2002, Borrower shall have an agreement in
principle to engage the services of a "crisis manager" reasonably acceptable to
the Lenders' Steering Committee (the "Steering Committee"), and Borrower shall
execute a definitive agreement with such "crisis manager" on or before October
8, 2002.

     5.3 In addition to financial reports and other certificates and instruments
Borrower is required to deliver to Agent pursuant to Sections 5.1 and 5.2 of the
Credit Agreement, Borrower shall deliver to Agent, (a) on a weekly basis by not
later than Friday of each week, a rolling 13-week cash flow projection, together
with a comparison of actual payments to budgeted line items for the prior weekly
period, in form and substance satisfactory to Agent, and (b) such other reports,
analyses, financial statements and projections as Agent may reasonably request
from time to time.

     5.4 Borrower shall deliver to Agent and the Steering Committee on or before
October 18, 2002, (a) a revised budget (the "DIP Budget") with respect to the
proposed debtor-in-possession credit facility, and (b) a revised rolling 6-week
and 13-week cash flow projection reflecting any changes required by any DIP
Budget.

     5.5 Borrower will not modify or otherwise change any provisions of any
Material Contract (exclusive of collective bargaining agreements) during the
term of this Agreement, specifically including any contracts or agreements
between Borrower or any of its Subsidiaries, on the one hand, and, on the other
hand, any members of Borrower or any of their subsidiaries and any members or
shareholders of GHC Sub, Glass Holdings, Jefferson, or Owens Corning, or Owens
Corning in its individual corporate capacity.

     5.6 Borrower shall, at Borrower's expense, and shall cause Guarantors to,
cooperate fully, and cause their respective officers, employees, accountants,
consultants and other agents to cooperate fully, in furnishing information as
and when reasonably requested by Agent regarding, without limitation, the
business plan delivered to Agent on June 11, 2002, other financial reports,
business plans and projections delivered to Agent from time to time, the
Collateral, and Borrower's or any Guarantor's affairs, finances, financial
condition and business operations. Borrower and each Guarantor authorize Agent
to meet and/or have discussions with any of Borrower's or such Guarantor's
officers, key employees, accountants, consultants, financial advisors, and other
agents from time to time to discuss any reasonable matters regarding business
plans, financial reports, projections, and the Collateral and Borrower's or such
Guarantor's affairs, finances, financial condition and business operations, and
shall direct and authorize all such persons and entities to fully disclose to
Agent all information reasonably requested by

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Agent subject to all applicable attorney-client or accountant-client privileges.
Borrower shall promptly, when and as requested by Agent, provide Agent with
access to Borrower's original books and records and permit Agent to make copies
thereof subject to all applicable attorney-client or accountant-client
privileges.

     5.7 Borrower shall, throughout the term of this Agreement, continue to make
a full and complete disclosure of all material aspects of its financial
condition and business operations on behalf of itself and each Guarantor.

     5.8 Borrower shall continue to perform and observe all terms and conditions
contained in the Loan Documents that are not specifically mentioned in this
Agreement as a Covenant Default or a default relating to the Sub Debt Payment.

     5.9 This Agreement is intended to be a further accommodation by Agent and
Lenders to Borrower. In consideration of all such accommodations, and
acknowledging that Agent and Lenders will be specifically relying on the
following provisions as a material inducement in entering into this Agreement,
Borrower agrees that in connection with such release and discharge, Borrower
specifically and expressly waives all claims which Borrower does not know or
suspect to exist in its favor at the time of executing this Agreement.

                            SECTION 6. MISCELLANEOUS

     6.1 ACKNOWLEDGMENT OF VALIDITY, ENFORCEABILITY OF LOAN DOCUMENTS AND
RELEASE. (a) To the extent of any inconsistencies between the terms and
provisions of this Agreement and the terms and provisions of the Credit
Agreement and other Loan Documents, this Agreement shall govern. In all other
respects, the Credit Agreement and other Loan Documents shall remain in full
force and effect. Borrower and each Guarantor expressly acknowledge and agree
that the Credit Agreement and other Loan Documents are valid and enforceable by
Agent and Lenders, and expressly reaffirm each of their obligations (including
the amount of the Current Obligations) under the Credit Agreement and other Loan
Documents, free and clear of all defenses, offsets and counterclaims of any kind
or nature. Borrower and each Guarantor further expressly acknowledge and agree
that Agent, for its benefit and the benefit of the Lenders, has a valid, duly
perfected and fully enforceable security interest in and lien against the
Collateral. Borrower and each Guarantor agree that they shall not dispute the
validity or enforceability of the Credit Agreement and other Loan Documents or
any of their respective obligations thereunder, or the validity, priority,
enforceability or extent of Agent's security interest in or lien against any
item of Collateral.

     (b) Borrower and each Guarantor, on behalf of themselves and any Person
claiming by, through, or under Borrower and each Guarantor, and each Subsidiary
of Borrower and each Guarantor (if any), on behalf of themselves and Persons
claiming by, through, or under such Subsidiary, respectively, acknowledges that
they have no claim, counterclaim, setoff, action or cause of action of any kind
or nature whatsoever ("Claims") against all or any of Agent, the Lenders or any
of Agent's or the Lenders' directors, officers, employees, agents, attorneys,
financial advisors, legal representatives, successors and assigns (Agent, the
Lenders and their directors, officers, employees, agents, attorneys, financial
advisors, legal representatives,

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successors and assigns are jointly and severally referred to as the "Lender
Group"), that directly or indirectly arise out of or are based upon or in any
manner connected with any "Prior Event" (as defined below), and Borrower,
Guarantors and each Subsidiary of Borrower or Guarantors hereby releases the
Lender Group from any liability whatsoever should any Claims nonetheless exist.
As used herein the term "Prior Event" means any transaction, event,
circumstances, action, failure to act or occurrence of any sort or type, whether
known or unknown, which occurred, existed, was taken, permitted or begun prior
to the execution of this Agreement and occurred, existed, was taken, permitted
or begun in accordance with, pursuant to or by virtue of any terms of this
Agreement, the transactions referred to herein, the Credit Agreement and any
Loan Document or oral or written agreement relating to any of the foregoing,
including without limitation any approval or acceptance given or denied.

     6.2 EXPENSES. Borrower shall reimburse Agent, upon demand, for all fees,
costs and expenses (including, but not limited to, reasonable attorneys' and
consultants' fees, costs and expenses) incurred by Agent in connection with this
Agreement including, but not limited to, such fees, costs and expenses incurred
in connection with the negotiation, drafting, implementation, administration and
enforcement of this Agreement and the other Loan Documents.

     6.3 CONDITIONS PRECEDENT AND EFFECTIVE DATE. This Agreement shall become
effective and be deemed effective upon Agent's receipt of each of the following
(such date being the "Agreement Effective Date"):

     (a) A counterpart of this Agreement duly executed by Borrower, each
Guarantor, and the Required Lenders; and

     (b) Such other documents executed by Borrower, or as applicable, any
Guarantor, as Agent and Lenders may reasonably require.

     6.4 AMENDMENTS. No amendment or modification of any provision of this
Agreement shall be effective without the written agreement of Agent and the
Required Lenders, and no termination or waiver of any provision of this
Agreement, or consent to any departure therefrom, shall in any event be
effective without the written concurrence of Agent and the Required Lenders. Any
waiver or consent shall be effective only in the specific instance and for the
specific purpose for which it was given.

     6.5 DEFAULT WAIVER. Failure at any time or times hereafter on the part of
Agent or any Lender, to require strict performance by Borrower and each
Guarantor with any provision or term of this Agreement shall not waive, affect
or diminish any right of Agent or the Lenders thereafter to demand strict
compliance and performance therewith. Any suspension or waiver by Agent or the
Lenders of a Default or Event of Default shall not, except as may be expressly
set forth herein, suspend, waive or affect any other Default or Event of
Default, whether the same is prior or subsequent thereto and whether of the same
or of a different kind or character.

     6.6 SOLE BENEFIT OF PARTIES. This Agreement is solely for the benefit of
the parties hereto and their respective successors and assigns, and no other
person or entity shall have any right, benefit or interest under or because of
the existence of this Agreement.

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     6.7 SECTION TITLES. The section titles contained in this Agreement are
included for the sake of convenience only, shall be without substantive meaning
or content of any kind whatsoever, and are not a part of the agreement between
the parties.

     6.8 WAIVER BY AGENT AND LENDERS. No course of dealing between Borrower, any
Guarantor, Agent or any Lender and no delay or omission by Agent or any Lender
in exercising any right or remedy under this Agreement or the other Loan
Documents or with respect to the Obligations shall operate as a waiver thereof
or of any other right or remedy, and no single or partial exercise thereof shall
preclude any other or further exercise thereof or the exercise of any other
right or remedy. All rights and remedies of Agent and Lenders are cumulative.

     6.9 SEVERABILITY. The provisions of this Agreement are independent of and
separable from each other, and no such provision shall be affected or rendered
invalid or unenforceable by virtue of the fact that for any reason any other
such provision may be invalid or unenforceable in whole or in part. If any
provision of this Agreement is prohibited or unenforceable in any jurisdiction,
such provision shall be ineffective in such jurisdiction only to the extent of
such provision or unenforceability, and such prohibition or unenforceability
shall not invalidate the balance of such provision to the extent it is not
prohibited or unenforceable nor render prohibited or unenforceable such
provision in any other jurisdiction.

     6.10 ENTIRE AGREEMENT. This Agreement and the other Loan Documents
constitute the entire agreement and understanding between the parties hereto
with respect to the transactions contemplated hereby and supersede all prior
negotiations, understandings and agreements between such parties with respect to
such transactions.

     6.11 APPLICABLE LAW. THIS AGREEMENT AND THE TRANSACTIONS EVIDENCED HEREBY
SHALL BE GOVERNED BY AND CONSTRUED UNDER THE INTERNAL LAWS OF THE STATE OF NORTH
CAROLINA, WITH REGARD TO PRINCIPLES OF CONFLICTS OF LAW, THAT MAY CAUSE THE
APPLICATION OF THE LAWS OF ANOTHER JURISDICTION.

     6.12 CONSENT TO JURISDICTION. THE PARTIES HERETO AND THE OTHER LENDERS
AGREE THAT ANY ACTION OR PROCEEDING TO ENFORCE OR ARISING OUT OF THE LOAN
DOCUMENTS MAY BE COMMENCED IN ANY STATE OR FEDERAL COURT OF COMPETENT
JURISDICTION IN THE STATE OF NORTH CAROLINA, AND THE PARTIES HERETO WAIVE
PERSONAL SERVICE OF PROCESS AND AGREE THAT A SUMMONS AND COMPLAINT COMMENCING AN
ACTION OR PROCEEDING IN ANY SUCH COURT SHALL BE PROPERLY SERVED AND SHALL CONFER
PERSONAL JURISDICTION IF SERVED BY REGISTERED OR CERTIFIED MAIL TO SUCH PARTY,
OR AS OTHERWISE PROVIDED BY THE LAWS OF THE STATE OF NORTH CAROLINA OR THE
UNITED STATES.

     6.13 JURY TRIAL WAIVER. THE PARTIES HERETO HEREBY KNOWINGLY, VOLUNTARILY,
AND INTENTIONALLY WAIVE, TO THE EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT TO
TRAIL BY JURY THE PARTIES HERETO MAY

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HAVE IN ANY ACTION OR PROCEEDING, IN LAW OR IN EQUITY, IN CONNECTION WITH THE
LOAN DOCUMENTS OR THE TRANSACTIONS RELATED THERETO. THE PARTIES HERETO REPRESENT
AND WARRANT THAT NO REPRESENTATIVE OF AGENT OR ANY LENDER HAS REPRESENTED,
EXPRESSLY OR OTHERWISE, THAT SUCH PERSON WILL NOT, IN THE EVENT OF LITIGATION,
SEEK TO ENFORCE THIS RIGHT TO JURY TRIAL WAIVER. BORROWER AND EACH GUARANTOR
ACKNOWLEDGE THAT AGENT AND LENDERS HAVE BEEN INDUCED TO ENTER INTO THIS
AGREEMENT BY, AMONG OTHER THINGS, THE PROVISIONS OF THIS SECTION.

     6.14 WAIVER OF BOND. BORROWER AND EACH GUARANTOR HEREBY WAIVE THE POSTING
OF ANY BOND OTHERWISE REQUIRED OF AGENT OR ANY LENDER IN CONNECTION WITH ANY
JUDICIAL PROCESS OR PROCEEDING OR TO ENFORCE ANY JUDGMENT OR OTHER COURT ORDER
ENTERED IN FAVOR OF AGENT OR ANY LENDER OR TO ENFORCE BY SPECIFIC PERFORMANCE,
ANY TEMPORARY RESTRAINING ORDER, PRELIMINARY OR PERMANENT INJUNCTION, OR THIS
AGREEMENT.

     6.15 CONSULTATION WITH COUNSEL. THE PARTIES HERETO REPRESENT TO AGENT AND
LENDERS THAT THEY HAVE DISCUSSED THIS AGREEMENT WITH THEIR LAWYERS.

     6.16 COUNTERPARTS. This Agreement may be executed in any number of
counterparts, each of which shall be deemed an original but all of which
together shall constitute one and the same instrument. Delivery of an executed
counterpart of this Agreement by facsimile transmission shall be equally
effective as a manually delivered executed counterpart hereof.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

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                                    EXHIBIT A

                             Other Covenant Defaults

     Borrower believes that it has defaulted on the following provisions of the
Loan Documents:

          1. The representation in Section 3.5 of the Credit Agreement is not
     true and correct with respect to the defaults identified in this Agreement.

          2. The representation in Section 3.17 of the Credit Agreement is not
     true and correct.

          3. Pursuant to Section 5.15 of the Credit Agreement, delivery to Agent
     and each of the Lenders by the dates required therein of quarterly and
     monthly financial statements demonstrating compliance with the financial
     ratios identified on the first page of this Agreement.

          4. Various Events of Default in Section 7.1 of the Credit Agreement
     have occurred to the extent of the defaults identified in this Agreement.

<PAGE>

                                    EXHIBIT B

                               Current Obligations

                                                      Outstanding Principal
                                                      ---------------------
                                                         (as of 9/27/02)

 Revolving Loans                                         $ 31,904,909.07
          Revolver                                         25,000,000.00
          Swingline Loans                                   4,600,000.00
          Interest                                             78,554.07
          Face Amount of Letters of Credit                  2,226,355.00

 Tranche A Term Loan                                       51,161,621.33
          Interest                                            261,435.88

 Tranche B Term Loan                                       94,890,867.82
          Interest                                            540,245.35
                                                         ----------------

 Total Outstanding Principal and Interest on all Loans   $178,759,079.45

<PAGE>

                                   Schedule I

                              SCHEDULE OF LENDERS'
                           REVOLVING COMMITTED AMOUNTS

                                          Revolving                  Revolving
                                          Committed                  Commitment
            Lender                          Amount                   Percentage
            ------                        ---------                  ----------
ABN Amro Bank N.V.                       4,605,263.16               13.15789473

CIT Group/Equipment Financing,
Inc.                                     2,763,157.89                7.89473684

Compagnie Financiere                     1,842,105.26                5.26315789

Credit Lyonnais, New York Branch         2,210,526.32                6.31578948

Erste Bank, New York Branch              1,842,105.26                5.26315789

Firstrust Bank                           1,473,684.21                4.21052632

NATEXIS Banques Populaires               1,842,105.26                5.26315789

PB Capital Corporation                   1,842,105.26                5.26315789

Societe Generale                         2,763,157.89                7.89473684

Wachovia Bank, National
Association                              6,447,368.44               18.42105264

Bank of America, N.A.                    2,763,157.89                7.89473684

SunTrust Bank, Atlanta                   4,605,263.16               13.15789473

                                          $35,000,000            100.0000000000%

<PAGE>

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed as of the date first set forth above, by their respective duly
authorized officers.

BORROWER:                              ADVANCED GLASSFIBER YARNS,
                                       LLC, a Delaware limited liability company

                                       By:    /s/ Catherine Cuisson
                                              ----------------------------------
                                       Name:  Catherine Cuisson
                                       Title: VP Chief Financial Officer

GUARANTORS:                            AGY CAPITAL CORP., a Delaware corporation

                                       By:    /s/ Catherine Cuisson
                                              ----------------------------------
                                       Name:  Catherine Cuisson
                                       Title: VP Chief Financial Officer

AGENT AND LENDERS:                     WACHOVIA BANK, NATIONAL
                                       ASSOCIATION (f/k/a First Union National
                                       Bank, a national banking association), as
                                       Agent and a Lender

                                       By:    /s/ Reginald Dawson
                                              ----------------------------------
                                       Name:  Reginald Dawson
                                       Title: Director

                                       NATEXIS BANQUES POPULAIRES, as a Lender

                                       By:    /s/ Christine Dirringer
                                              ----------------------------------
                                       Name:  Christine Dirringer
                                       Title: Vice President

                                       1

<PAGE>

                                      CREDIT LYONNAIS, NEW YORK BRANCH,
                                      as a Lender

                                      By:
                                              ----------------------------------
                                      Name:
                                      Title:

                                      SOCIETE GENERALE, as a Lender

                                      By:     /s/ Marc J. Pouget-Aradie
                                              ----------------------------------
                                      Name:   Marc J. Pouget-Aradie
                                      Title:  Vice President

                                      Endurance CLO I, Ltd., as a Lender
                                      C/o:     ING Capital Advisors LLC,
                                               as Collateral Manger

                                      By:     /s/ Philip C. Robbins
                                              ----------------------------------
                                      Name:   Philip C. Robbins
                                      Title:  Vice President

                                      SEQUILS-ING I (HBDGM), LTD. as a Lender

                                      By:  ING Capital Advisors LLC, as
                                           Collateral Manager

                                      By:     /s/ Philip C. Robbins
                                              ----------------------------------
                                      Name:   Philip C. Robbins
                                      Title:  Vice President

                                       2

<PAGE>

                                      ARCHIMEDES FUNDING III, LTD., as a Lender

                                      By:  ING Capital Advisors LLC, as
                                           Collateral Manager

                                      By:     /s/ Philip C. Robbins
                                             -----------------------------------
                                      Name:   Philip C. Robbins
                                      Title:  Vice President

                                      ELC (CAYMAN) LTD. 1999-III, as a Lender

                                      By:     /s/ Richard McGauley
                                              ----------------------------------
                                      Name:   Richard McGauley
                                      Title:  Managing Director

                                      ELC (CAYMAN) LTD., as a Lender

                                      By:     /s/ Richard McGauley
                                              ----------------------------------
                                      Name:   Richard McGauley
                                      Title:  Managing Director

                                      ELC (CAYMAN) LTD. 2000-I, as a Lender

                                      By:     /s/ Richard McGauley
                                              ----------------------------------
                                      Name:   Richard McGauley
                                      Title:  Managing Director

                                       3

<PAGE>

                                      ERSTE BANK NEW YORK BRANCH, as a Lender

                                      By:     /s/ Paul Judicke
                                              ----------------------------------
                                      Name:   Paul Judicke
                                      Title:  Vice President

                                      By:     /s/ John S. Runnion
                                              ----------------------------------
                                      Name:   John S. Runnion
                                      Title:  Managing Director

                                      THE CIT GROUP/EQUIPMENT FINANCING, INC.,
                                      as a Lender

                                      By:     /s/ W.B. Stoebig
                                              ----------------------------------
                                      Name:   W.B. Stoebig
                                      Title:  Vice President-Credit

                                      TORONTO DOMINION (NEW YORK), INC.,
                                      as a Lender

                                      By:     /s/ Susan K. Strong
                                              ----------------------------------
                                      Name:   Susan K. Strong
                                      Title:  Vice President

                                      SANKATY HIGH YIELD PARTNERS II, L.P.,
                                      as a Lender

                                      By:     /s/ Timothy M. Barns
                                              ----------------------------------
                                      Name:   Timothy M. Barns
                                      Title:  Senior Vice President

                                       4

<PAGE>

                                      SANKATY HIGH YIELD PARTNERS III, L.P.,
                                      as a Lender

                                      By:     /s/ Timothy M. Barns
                                              ----------------------------------
                                      Name:   Timothy M. Barns
                                      Title:  Senior Vice President

                                      ABN AMRO, as a Lender

                                      By:
                                              ----------------------------------
                                      Name:
                                      Title:

                                      By:
                                              ----------------------------------
                                      Name:
                                      Title:

                                      ALLIANCE CAPITAL MANAGEMENT L.P.,
                                      as Manager on behalf of Alliance
                                      Capital Funding, LLC, as Assignee

                                      By:  ALLIANCE CAPITAL MANAGEMENT
                                           CORPORATION, general partner of
                                           Alliance Capital Management L.P.

                                      By:
                                              ----------------------------------
                                      Name:
                                      Title:

                                       5

<PAGE>

                                      CREDIT INDUSTRIEL ET COMMERCIAL,
                                      as a Lender

                                      By:     /s/ A. Calo
                                              ----------------------------------
                                      Name:   A. Calo
                                      Title:  Vice President

                                      By:     /s/ E. Longlet
                                              ----------------------------------
                                      Name:   E. Longlet
                                      Title:  Vice President

                                      PB CAPITAL CORPORATION, as a Lender

                                      By:     /s/ Dana L. McDougall
                                              ----------------------------------
                                      Name:   Dana L. McDougall
                                      Title:  Vice President

                                      By:     /s/ Evon Contos
                                              ----------------------------------
                                      Name:   Evon Contos
                                      Title:  Managing Director

                                      SUNTRUST BANK, as a Lender

                                      By:     /s/ Steven J. Newby
                                              ----------------------------------
                                      Name:   Steven J. Newby
                                      Title:  Director

                                       6

<PAGE>

                                      MORGAN STANLEY PRIME INCOME TRUST,
                                      as a Lender

                                      By:     /s/ Sheila A. Finnerty
                                              ----------------------------------
                                      Name:   Sheila A. Finnerty
                                      Title:  Executive Director

                                      FIRSTRUST BANK, as a Lender

                                      By:     /s/ Kent Nelson
                                              ----------------------------------
                                      Name:   Kent Nelson
                                      Title:  Senior VP

                                      SENIOR DEBT PORTFOLIO, as a Lender

                                      By: Boston Management and Research
                                          as Investment Advisor

                                      By:     /s/ Payson F. Swaffield
                                              ----------------------------------
                                      Name:   Payson F. Swaffield
                                      Title:  Vice President

                                      EATON VANCE SENIOR INCOME TRUST,
                                      as a Lender

                                      By: Eaton Vance Management as Investment
                                          Advisor

                                      By:     /s/ Payson F. Swaffield
                                              ----------------------------------
                                      Name:   Payson F. Swaffield
                                      Title:  Vice President

                                       7

<PAGE>

                                      EATON VANCE INSTITUTIONAL SENIOR LOAN
                                      FUND, as a Lender

                                      By:  Eaton Vance Management as Investment
                                           Advisor

                                      By:     /s/ Payson F. Swaffield
                                              ----------------------------------
                                      Name:   Payson F. Swaffield
                                      Title:  Vice President

                                      OXFORD STRATEGIC INCOME FUND, as a Lender

                                      By: Eaton Vance Management as Investment
                                          Advisor

                                      By:     /s/ Payson F. Swaffield
                                              ----------------------------------
                                      Name:   Payson F. Swaffield
                                      Title:  Vice President

                                      EATON VANCE CDO III, LTD., as a Lender

                                      By: Eaton Vance Management as Investment
                                          Advisor

                                      By:     /s/ Payson F. Swaffield
                                              ----------------------------------
                                      Name:   Payson F. Swaffield
                                      Title:  Vice President

                                       8

<PAGE>

                                      GRAYSON & CO., as a Lender

                                      By: Boston Management and Research as
                                          Investment Advisor

                                      By:     /s/ Payson F. Swaffield
                                              ----------------------------------
                                      Name:   Payson F. Swaffield
                                      Title:  Vice President

                                      SOMERS CDO, LIMITED, as a Lender

                                      By:  David L. Babson and Company
                                           Incorporated, under delegated
                                           authority from Massachusetts Mutual
                                           Life Insurance Company, its
                                           Collateral Manager

                                      By:     /s/ Richard McGauley
                                              ----------------------------------
                                      Name:   Richard McGauley
                                      Title:  Managing Director

                                      MASSMUTUAL HIGH YIELD PARTNERS II, LLC,
                                      as a Lender

                                      By: HYP Management Inc., as Managing
                                          Partner

                                      By:     /s/ Richard McGauley
                                              ----------------------------------
                                      Name:   Richard McGauley
                                      Title:  Vice President

                                       9

<PAGE>

                                      MASSACHUSETTS MUTUAL LIFE INSURANCE
                                      COMPANY, as a Lender

                                      By:  David L. Babson and Company
                                           Incorporated, under delegated
                                           authority from Massachusetts Mutual
                                           Life Insurance Company, its
                                           Collateral Manager

                                      By:     /s/ Richard McGauley
                                              ----------------------------------
                                      Name:   Richard McGauley
                                      Title:  Managing Director

                                      KZH ING-1 LLC, as a Lender

                                      By:
                                              ----------------------------------
                                      Name:
                                      Title:

                                      KZH ING-2 LLC, as a Lender

                                      By:     /s/ Anthony Iarrobino
                                              ----------------------------------
                                      Name:   Anthony Iarrobino
                                      Title:  Authorized Agent

                                      KZH ING-3 LLC, as a Lender

                                      By:     /s/ Anthony Iarrobino
                                              ----------------------------------
                                      Name:   Anthony Iarrobino
                                      Title:  Authorized Agent

                                       10

<PAGE>

                                      BANK OF AMERICA, N.A., as a Lender

                                      By:
                                              ----------------------------------
                                      Name:
                                      Title:

                                       11

<PAGE>

                                      PUTNAM HIGH YIELD TRUST, as a Lender

                                      By:
                                              ----------------------------------
                                      Name:
                                      Title:

                                      CREDIT SUISSE FIRST BOSTON INTERNATIONAL,
                                      as a Lender

                                      By:
                                              ----------------------------------
                                      Name:
                                      Title:

                                       12EXHIBIT 10.47

             SIXTH AMENDMENT TO REVOLVING CREDIT AGREEMENT AND FIRST
                          AMENDMENT TO PROMISSORY NOTE

     This AMENDMENT is dated as of the 19th day of August, 2002 and is by and
between FLEET NATIONAL BANK having an office at 750 Walnut Avenue, Cranford, New
Jersey 07016 (the "Bank"), and SYMS CORP, a New Jersey corporation having an
address at One Syms Way, Secaucus, New Jersey 07094 (the "Borrower").

                                   WITNESSETH:

     WHEREAS, the Borrower and the Bank have entered into a Revolving Credit
Agreement dated as of December 1, 1993, as amended by that certain First
Amendment to Revolving Credit Agreement dated as of November 24, 1997, as
further amended by that certain Second Amendment to Revolving Credit Agreement
dated as of May 27, 2000, as further amended by that certain Third Amendment to
Revolving Credit Agreement dated as of November 25, 2000, and as further amended
by that certain Fourth Amendment to Revolving Credit Agreement dated as of May
4, 2001, and as further amended by that certain Fifth Amendment to Revolving
Credit Agreement dated as of May 3, 2002 (as amended, the "Credit Agreement");
and

     WHEREAS, in connection with the Credit Agreement, the Borrower executed a
replacement promissory note in favor of the Bank dated May 3, 2002 in the face
amount of $20,000,000 (the "Note"); and

     WHEREAS, the Borrower has requested that the Bank amend, and the Bank has
agreed to amend certain provisions of the Agreement and to amend the maturity of
the Note.

     NOW, THEREFORE, in consideration of the premises and the mutual covenants
contained herein, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto do hereby agree
as follows:

          1. Definitions. Except as otherwise defined herein, terms defined in
     the Credit Agreement shall have the same meaning when used herein.

          2. Amendment to Credit Agreement. The Credit Agreement is hereby
     amended as follows:

               (a) The definition of "Maturity Date" which appears in Section
          1.1 is amended to read as follows: " `Maturity Date' shall mean July
          31, 2003".

          3. Amendment to Note. The maturity date of the Note is amended by
     replacing the date "May 2, 2003" the first time it appears with the date
     "July 31, 2003."

                                       1

<PAGE>

          4. Representations and Warranties. In order to induce the Bank to
     enter into this Agreement and amend the Credit Agreement as provided
     herein, the Borrower hereby represents and warrants to the Bank that:

               (a) All of the representations and warranties of the Borrower set
          forth in the Credit Agreement are true, complete and correct in all
          material respects on and as of the date hereof with the same force and
          effect as if made on and as of the date hereof and as if set forth at
          length herein (except that representations and warranties which are
          expressly stated to be as of a certain date are true, complete and
          correct in all material respects as of such certain date).

               (b) No Default or Event of Default presently exists and is
          continuing on and as of the date hereof.

               (c) Since the date of the Borrower's most recent financial
          statements delivered to the Bank, no material adverse change has
          occurred in the business, assets, liabilities, financial condition or
          results of operations of the Borrower, and no event has occurred or
          failed to occur which has had, or reasonably may be expected to have,
          a material adverse effect on the business, assets, liabilities,
          financial condition or results of operations of the Borrower.

               (d) The Borrower has full power and authority to execute, deliver
          and perform any action or step which may be necessary to carry out the
          terms of this Agreement and all other agreements, documents and
          instruments executed and delivered by the Borrower to the Bank
          concurrently herewith or in connection herewith (collectively, the
          "Amendment Documents"); each Amendment Document to which the Borrower
          is a party has been duly executed and delivered by the Borrower and is
          the legal, valid and binding obligation of the. Borrower enforceable
          in accordance with its terms, subject to any applicable bankruptcy,
          insolvency, general equity principles or other similar laws affecting
          the enforcement of creditor's rights generally.

               (e) The execution, delivery and performance of the Amendment
          Documents will not (i) violate any provision of any existing law,
          statute, rule, regulation or ordinance (ii) conflict with, result in a
          breach of or constitute a default under (a) any order, judgment, award
          or decree of any court, governmental authority, bureau or agency, or
          (b) any mortgage, indenture, lease, contract or other agreement or
          undertaking to which the Borrower is a party or by which the Borrower
          or any of its properties or asset~ may be bound, or (iii) result in
          the creation or imposition of any lien or other encumbrance upon or
          with respect to any property or asset now owned or hereafter acquired
          by the Borrower.

               (f) Except for such filing as may be required under the
          Securities Exchange Act of 1934, as amended, which filing (if
          required) shall be made by the Borrower as and when required, no
          consent, license, permit, approval or authorization of, exemption by,
          notice to, report to, or registration, filing or declaration with any
          person is

                                       2

<PAGE>

          required in connection with the execution, delivery, performance or
          validity of the Amendment Documents or the transactions contemplated
          thereby.

          5. Bank Costs. The Borrower agrees to reimburse the Bank for all
     reasonable costs and expenses, including reasonable counsel fees and
     disbursements, incurred by the Bank in connection with the Amendment
     Documents and the transactions contemplated therein. If such amounts are
     not paid within ten days of the Bank's request therefor, the Borrower
     hereby authorizes the Bank to charge the Borrower's account for the amount
     of such fees and expenses.

          6. No Change. Except as expressly set forth herein, all of the terms
     and provisions of the Credit Agreement shall continue in full force and
     effect and are hereby ratified and confirmed in all respects.

          7. Counterparts. This Agreement may be executed by the parties hereto
     in separate counterparts and all such counterparts taken together shall
     constitute one and the same instrument.

          8. Governing Law. This Agreement shall be governed by and construed in
     accordance with the laws of the State of New Jersey.

     IN WITNESS WHEREOF, the Borrower and the Bank have executed this Agreement
as of the date above written.

                                       FLEET NATIONAL BANK

                                       By:  /s/ William DiNicola
                                          --------------------------------------
                                            Name: William DiNicola
                                            Title: Vice President

                                       SYMS CORP.
Attest:

                                       By:  /s/  Antone F. Moreira
                                          --------------------------------------
                                            Name: Antone F. Moreira
                                            Title: Vice President & CFO

                                       3

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