Simmons Missed Payment Points To Filing

After failing to make a $7.9 million interest payment on its 7.875% bonds Jan. 15, Simmons Co. looks headed for bankruptcy, market players said.

  • 23 Jan 2009
After failing to make a $7.9 million interest payment on its 7.875% bonds Jan. 15, Simmons Co. looks headed for bankruptcy, market players said. The Atlanta, Ga.-based mattress manufacturer has been discussing financial restructuring with lenders since Dec. 9 and has a forbearance agreement with lenders in place ...

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