| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers T > Headlines for Tousa, Inc. > News item |
Tousa misses Jan. 15 interest payment on 7½% senior subordinated notes
By Caroline Salls
Pittsburgh, Jan. 16 - Tousa, Inc. missed the semiannual interest payment due Jan. 15 on its $200 million principal amount of 7½% senior subordinated notes due 2015, according to an 8-K filed with the Securities and Exchange Commission.
The company has 30 days to make the interest payment before a default occurs.
As previously disclosed, the company is considering its restructuring alternatives.
Tousa also missed the interest payment due Jan. 1 on its $300 million in 9% senior notes due 2010 and $185 million in 10 3/8% senior subordinated notes due 2012.
Tousa is a Hollywood, Fla.-based homebuilder.
© 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.