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Morris Publishing redeems $1.99 million floating-rate notes due 2014
By Melissa Kory
Cleveland, Nov. 18 - Morris Publishing Group, LLC redeemed $1,993,421 of its floating-rate secured notes due 2014 with its monthly positive operating cash flow on Nov. 18, following its monthly period ended Oct. 31, according to an 8-K filing with the Securities and Exchange Commission.
As of Oct. 31, $87.699 million of the notes remained outstanding, compared to $89.692 million at the end of September.
From March 1, 2010 through Oct. 31, approximately $12.301 million notes have been redeemed and $5.572 million has been paid in interest.
Morris is an Augusta, Ga.-based newspaper publisher.
As previously reported, the notes were issued in connection with the pre-packaged Chapter 11 joint plan of reorganization, which was confirmed by the U.S. Bankruptcy Court for the Southern District of Georgia, Augusta Division, on Feb. 17, 2010.
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