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NOTICE OF GUARANTEED DELIVERY FOR
PILLOWTEX CORP. LOGO
This form or one substantially equivalent hereto must be used to accept the
Exchange Offer of Pillowtex Corporation (the "Company") made pursuant to the
Prospectus, dated February , 1998 (the "Prospectus"), if certificates for
Series A Notes of the Company are not immediately available or if the procedure
for book-entry transfer cannot be completed on a timely basis or time will not
permit all required documents to reach the Exchange Agent prior to 5:00 p.m, New
York City time, on the Expiration Date of the Exchange Offer. Such form may be
delivered or transmitted by facsimile transmission, mail, overnight courier or
hand delivery to Norwest Bank Minnesota, National Association (the "Exchange
Agent") as set forth below. In addition, in order to utilize the guaranteed
delivery procedure to tender Series A Notes pursuant to the Exchange Offer, a
completed, signed and dated Letter of Transmittal (or facsimile thereof) must
also be received by the Exchange Agent prior to 5:00 p.m., New York City time,
on the Expiration Date. Capitalized terms not defined herein are defined in the
Prospectus.
Deliver to:
NORWEST BANK MINNESOTA, NATIONAL ASSOCIATION, EXCHANGE AGENT
By Registered or Certified Mail: By Hand or Overnight Delivery: By Hand Delivery:
Norwest Bank Minnesota, N.A. Norwest Bank Minnesota, N.A. Norwest Bank Minnesota, N.A.
Corporate Trust Operations Corporate Trust Services Northstar East Building
P.O. Box 1517 Sixth and Marquette Avenue 608 Second Avenue South, 12th
Minneapolis, MN 55480-1517 Minneapolis, MN 55479-0113 Floor
Corporate Trust Services
Minneapolis, MN
Facsimile Transmission Number:
(For Eligible Institutions Only)
(612) 667-4927
Confirm Receipt of Facsimile
by Telephone:
(612) 667-9764
Delivery of this instrument to an address other than as set forth above or
transmission of instructions via a facsimile number other than the one listed
above will not constitute a valid delivery.
Ladies and Gentlemen:
Upon the terms and conditions set forth in the Prospectus and the
accompanying Letter of Transmittal, the undersigned hereby tenders to the
Company the principal amount of Series A Notes set forth below, pursuant to the
guaranteed delivery procedures described in "The Exchange Offer -- Guaranteed
Delivery Procedures" section of the Prospectus. By so tendering, the undersigned
hereby does make, at and as of the date hereof, the representations and
warranties of a tendering Holder of Series A Notes set forth in the Letter of
Transmittal.
Principal Amount of Series A Notes Tendered: If Series A Notes will be delivered by
- ------------------------------------------------ book-entry transfer to the Depository Trust
Certificate Nos. (if available): Company, provide account number:
- ------------------------------------------------ DTC Account Number:
Total Principal Amount Represented by Series A ---------------------------------
Notes Certificate(s):
- ------------------------------------------------
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ALL AUTHORITY HEREIN CONFERRED OR AGREED TO BE CONFERRED SHALL SURVIVE THE
DEATH OR INCAPACITY OF THE UNDERSIGNED AND EVERY OBLIGATION OF THE UNDERSIGNED
HEREUNDER SHALL BE BINDING UPON THE HEIRS, PERSONAL REPRESENTATIVES, SUCCESSORS,
AND ASSIGNS OF THE UNDERSIGNED.
PLEASE SIGN HERE
- ------------------------------------------------------------ ------------------------------------------------
(Date)
- ------------------------------------------------------------ ------------------------------------------------
Signature(s) of Registered Holder(s) or Authorized Signatory (Date)
Area Code and Telephone Number:
- ------------------------------------------------------
Must be signed by the Holder(s) of Series A Notes as their name(s)
appear(s) on certificates for Series A Notes or by person(s) authorized to
become registered Holder(s) by endorsement and documents transmitted with this
Notice of Guaranteed Delivery. If signature is by a trustee, executor,
administrator, guardian, attorney-in-fact, officer, or other person acting in a
fiduciary or representative capacity, such person must set forth his or her full
title below:
(Please print name(s) and addresses)
Name(s): ------------------------------------------------------------
------------------------------------------------------------
(Please Print)
Capacity: ------------------------------------------------------------
Address: ------------------------------------------------------------
------------------------------------------------------------
(Include Zip Code)
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GUARANTEE
The undersigned, a member of a registered national securities exchange, or
a member of the National Association of Securities Dealers, Inc., or a
commercial bank or trust company having an officer or correspondent in the
United States, hereby guarantees that the certificates representing the
principal amount of Series A Notes tendered hereby in proper form for transfer,
or timely confirmation of the book-entry transfer of such Series A Notes into
the Exchange Agent's account at DTC pursuant to the procedures set forth in "The
Exchange Offer -- Guaranteed Delivery Procedures" section of the Prospectus,
together with a properly completed and duly executed Letter of Transmittal (or a
manually signed facsimile thereof) with any required signature guarantee and any
other documents required by the Letter of Transmittal, will be received by the
Exchange Agent at the address set forth above, within three New York Stock
Exchange trading days after the Expiration Date.
Name of Firm Authorized Signature
Address Title
Name:
Zip Code (Please Type or Print)
Area Code and Telephone No.: Dated:
NOTE: DO NOT SEND CERTIFICATES FOR SERIES A NOTES WITH THIS FORM. CERTIFICATES
FOR SERIES A NOTES SHOULD ONLY BE SENT WITH YOUR LETTER OF TRANSMITTAL.
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