Morris Publishing bank group extends payment default waiver to Oct. 9

By Caroline Salls

Pittsburgh, Oct. 2 - Morris Publishing Group, LLC's senior bank group has agreed to extend the waiver of cross defaults arising from the overdue interest payments on the company's senior subordinated notes, according to a news release.

As previously reported, Morris has also obtained forbearance until Oct. 16 from holders of more than 75% of the notes in connection with the overdue payment.

Morris Publishing owns and operates newspapers, city magazines and free community publications. The company is an affiliate of Morris Communications, a privately held media company based in Augusta, Ga.

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