Young Broadcasting Skips Interest Payment

Last Monday Young Broadcasting said it skipped a $4.513 million interest payment Feb. 6 on its senior secured credit facility due 2012.

  • 13 Feb 2009
Last Monday Young Broadcasting said it skipped a $4.513 million interest payment Feb. 6 on its senior secured credit facility due 2012. There is a 10-day grace period for the missed interest payment. The New York-based company said it is trying to preserve liquidity as it discuses restructuring ...

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