Morris Publishing redeems $1.99 million floating-rate notes due 2014

By Melissa Kory

Cleveland, Nov. 18 - Morris Publishing Group, LLC redeemed $1,993,421 of its floating-rate secured notes due 2014 with its monthly positive operating cash flow on Nov. 18, following its monthly period ended Oct. 31, according to an 8-K filing with the Securities and Exchange Commission.

As of Oct. 31, $87.699 million of the notes remained outstanding, compared to $89.692 million at the end of September.

From March 1, 2010 through Oct. 31, approximately $12.301 million notes have been redeemed and $5.572 million has been paid in interest.

Morris is an Augusta, Ga.-based newspaper publisher.

As previously reported, the notes were issued in connection with the pre-packaged Chapter 11 joint plan of reorganization, which was confirmed by the U.S. Bankruptcy Court for the Southern District of Georgia, Augusta Division, on Feb. 17, 2010.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.