Morris Publishing Group announces $1.55 million redemption of notes

By Ashley Montgomery

Kansas City, Kan., Nov. 16 - Morris Publishing Group, LLC redeemed $1,547,230 principal amount of its floating-rate secured notes due 2014 on Wednesday, according to an 8-K filing with the Securities and Exchange Commission.

The redemption was funded with October excess cash flow.

The company is required, under the terms of the notes, to use its monthly operating cash flow, provided that the cash flow is at least $250,000, to repay its working capital facility and then to redeem the floating-rate secured notes.

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

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