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Avado Brands pays interest on 11¾% notes within grace period
New York, July 10 Avado Brands, Inc. said it made the interest payment on its 11¾% senior subordinated notes within the 30-day grace period.
The payment was originally due on June 15.
The Madison, Ga. restaurant company noted that it paid the coupon on its 9¾% senior notes on June 26, also within the grace period. That payment was originally due June 1.
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