Morris Publishing redeems $578,465 more of its floaters due 2014

By Toni Weeks

San Diego, April 21 - Morris Publishing Group, LLC redeemed another $578,465 principal amount of its floating-rate secured notes due 2014 on April 21, according to an 8-K filing with the Securities and Exchange Commission.

After the redemption, $78,434,000 principal amount of the notes remains outstanding.

The company redeemed $3,226,877 of the floaters on March 16 and has bought back about $21.57 million of the notes since April 1, 2010.

As previously reported, the notes were issued in connection with the company's pre-packaged Chapter 11 joint plan of reorganization. The company emerged from bankruptcy on March 2, 2010.

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

© 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.