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| Prospect News home > News index > List of issuers A > Headlines for Avado Brands, Inc. > News item |
Avado makes interest payment on notes within grace period
New York, Dec. 24 - Avado Brands, Inc. said it made the $5.7 million interest payment due Dec. 1 on its 9¾% senior notes. The Madison, Ga. restaurant operator said the payment was made within the 30-day grace period so no default occurred.
Avado also said it plans to make the interest payment due Dec. 15 on its 11¾% senior subordinated notes within the 30-day grace period.
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