Morris Announces Call For Redemption Of Its Public Debt
Posted: 7/12/2012 | By: The Augusta Chronicle
Morris Publishing Group, LLC, today announces the call for redemption
of all of its public debt. The company elected to redeem all
outstanding notes under its publicly filed Indenture, and deposited
funds with the Trustee to pay off these notes on Aug. 10, 2012. Morris
Publishing refinanced its debt under more favorable terms with CB&T,
of Columbus, Georgia, a division of Synovus Bank.
“Today demonstrates just how far we come in proving that there is a sustainable future for our company,” said William S. Morris IV, chief executive officer of Morris Publishing Group. “We believe in the power of journalism and commercial and non-commercial information provided to serve local communities daily. We continue to change our operations to reach local audiences and serve local businesses across print and digital channels.”
“Today demonstrates just how far we come in proving that there is a sustainable future for our company,” said William S. Morris IV, chief executive officer of Morris Publishing Group. “We believe in the power of journalism and commercial and non-commercial information provided to serve local communities daily. We continue to change our operations to reach local audiences and serve local businesses across print and digital channels.”