Morris Publishing gets extension

Augusta-based Morris Publishing Group announced today that it has obtained an extension until Aug. 21 to make two semiannual debt interest payments of $9.7 million that were originally due Feb. 1 and Aug. 3.

Holders of more than 80 percent of the outstanding amount of the notes have agreed to extend the forbearance period for the payment, the company announced.

The bank group also agreed to extend until Aug. 21 a waiver of default arising from the overdue interest payments.

Morris Publishing owns The Augusta Chronicle and 12 other daily newspapers.

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