Morris gets extension for interest payment

  • Follow Latest News

Augusta-based Morris Publishing Group announced today that it has obtained an extension until Aug. 28 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. 28 a waiver of default arising from the overdue interest payments.

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

Comments (3) Add comment
ADVISORY: Users are solely responsible for opinions they post here and for following agreed-upon rules of civility. Posts and comments do not reflect the views of this site. Posts and comments are automatically checked for inappropriate language, but readers might find some comments offensive or inaccurate. If you believe a comment violates our rules, click the "Flag as offensive" link below the comment.
Riverman1
84011
Points
Riverman1 08/21/09 - 05:52 pm
0
0
I've seen this story so much

I've seen this story so much the last year maybe you guys could use the same story over and over to save money. We could just do a ditto for our comments.

storiesihaveread
358
Points
storiesihaveread 08/21/09 - 06:16 pm
0
0
Keep on dittoing as far as I

Keep on dittoing as far as I am concerned

Just My Opinion
5633
Points
Just My Opinion 08/21/09 - 08:31 pm
0
0
Just goes to show you that

Just goes to show you that the big-money people look after themselves and take care of each other!

Back to Top

Search Augusta jobs