Morris Publishing bank group extends notes payment waiver to Oct. 16

By Caroline Salls

Pittsburgh, Oct. 9 - Morris Publishing Group, LLC's senior bank group has agreed to extend the waiver of cross defaults arising from an overdue interest payment on its senior subordinated notes until Oct. 16, according to a company news release.

As previously reported, Morris has obtained a forbearance agreement 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.

© 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.