Tuesday, January 31, 2012

Air Quality Implementation Plans; Kentucky; Attainment Plan for the Kentucky ... - Techzone360

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Air Quality Implementation Plans; Kentucky; Attainment Plan for the Kentucky ...

Techzone360


The Kentucky plan (hereafter referred to as the "attainment plan") pertains only to the Kentucky portion of the Huntington-Ashland Area. EPA is now proposing to approve Kentucky's submittal regarding reasonably available control technology (RACT) and ...



Sunday, January 29, 2012

Briefs: MediaNews chairman to leave AP board - The Detroit News

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Graham Leader


Briefs: MediaNews chairman to leave AP board

The Detroit News


William Dean Singleton, chairman of MediaNews Group , will step down as chairman of the Associated Press board of directors when his term expires in April. MediaNews' properties include The Detroit News and 56 other major newspapers.


The Graham Leader

Graham Leader


AP names Lee Enterprises' Mary Junck to lead board

Houston Chronicle



 »

Friday, January 27, 2012

Blue Entertainment Sports Television to revive

antoninahubihe.blogspot.com
The original “The Superstars” show aireed on ABC in the mid-1970s as part of “Widwe World of Sports.” The show was revived in 1993, 1998 and 2002, according to a news “One of the reasonsa why I love this show so much is because it was the originalkreality show,” Michael Principe, managing director of Louisville-based BEST, said in an He serves as co-executive producer of “The Superstars,” alon g with Juma president Robert Horowitz. “Thed show has the perfect home with the ABC includingand Disney. It gives us huge distributio n opportunities.
” The program, whichg will premiere Tuesday, June 23, at 8 features eight celebrities paired with eight professional male and female competing in athletic including swimming, biking, running and kayaking. • Soccer player Brandi Chastai n and singer JulioIglesias Jr. ESPN anchoe John Saunders, former player Warren Sapp and “Insidd the NFL” commentator Jenn Brown will serveas hosts. The competitiohn is being held at the Atlantis Resor inthe Bahamas. Blue Entertainmeny Sports Television, a division of , is a television and live sportint eventsproduction company.
The company also specializesz in sports marketing and agent representation for professional athletesand

Wednesday, January 25, 2012

Parkland Commons faces foreclosure - South Florida Business Journal:

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Earlier this week, filed a foreclosure lawsuigt against developer MPG Parkland andCharles H. Monroe III, the presiden of Safety Harbor-based Monroe’s Prestige Group. It’a the third pending foreclosurs lawsuit in South Florida againstg an affiliateof Monroe’s company. Monroed said he hopes the bank will deal the note toanotherr investor, but if not, he is preparefd to put MPG Parkland into Chapter 11 bankruptcy protectionm to force a workout. “What’s sad is the bankx don’t want to work with Monroe said. “They don’t care.” The nearl y 90,000-square-foot Parkland Commons is about 65 percent leased aftee openingthis year, Monroe said.
Besides Publix, tenants include Mercantil Commercebank and Renaissancwe WellnessDay Spa. It sits on a 22.8-acre site at Northy University Drive and Trails End in the wealthy city of Part of the siteis undeveloped. Bank of America’sz lawsuit is based on a mortgage to MPG Parkland last modifierat $31 million in 2007. The complaint also names Boston-based TriSail Funding Corp., which gave the developed a $4.3 million mortgage in April 2008. Monrode said he had to stop paying interesf on the Bank of America mortgage because he could not lease enougnh ofthe space.
He found a tenant that signed a lease for the restaurant atParklanr Commons, but said Bank of Americs would not fund the tenant improvements to readyy the space for occupancy, so he could startf collecting rent, Monroe said. “It makes no he said. Miami-based attorney Lee D. who represents Bank of America in the did not immediately return a callseeking comment. Monroe also is named in pendingh foreclosure lawsuits by targetinhg theBest Buy-anchored Coral Landings III in Coral Springs/Margate and by BankAtlantixc targeting the Publix-anchored Quantum Village in Boynton In April, Miami-based TW Plaza Holdings purchased the delinquentr mortgage on Monroe’s Publix-anchored Cora Landings II in Coral Springs and acquireed the property with a deed in lieu of Monroe’s Prestige Group also owns shopping centers in Jupiterr and North Miami Beach.
Monro e said the latter one is also having issued withits bank, but is not in

Sunday, January 22, 2012

Denver-area commercial foreclosures double - Puget Sound Business Journal (Seattle):

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The reasons: disciplined local commercial development and andmetro Denver’s diverse economgy and relatively stable job according to local real estate experts. “It’s a national phenomenobn that commercial foreclosure rates are very low in comparison toresidential foreclosures. … The Denver economy, its diversity and just havinbg some of the rightt industriesin town, including the energy made a big difference for us,” said Glenj Mueller, professor at the ’ real estate school. Twenty-three commercial foreclosures were recorded inthe first-quarter involvint loan balances of at least $1 million, accordin g to county foreclosure filings.
The largestt foreclosure was forthe ’zs manufacturing building at 1350 S. Publid Road in Lafayette, for $7.65 The trustee was , workiny on behalf of the lender. There were roughly 1,30p0 residential filings in the first many with loan balances highed thancommercial balances. For 2008’s first there were 11 commercial foreclosure filingof $1 million-plus in the metro area, and roughly 1,200 residential The filings represent lenders’ notification to borrowerz that they’re in default on a real estatr loan, and that theit property is in foreclosure. The area covered by the data includeds Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas and Jeffersoj counties.
Most first-quarter commercial foreclosure filings involved retaikl properties such as stores and as well as relatively smalp office andindustrial buildings, apartment comptlexes and hotels. “We haven’r experienced overbuilding like we did in the we have a fairly healthy economy and our jobs are mostly saidTim Richey, executived vice president and investment broker at in Denver. “There’s not enough stress in the market to causesignifican foreclosures.” Most loans for local commercia l properties also were underwritten conservatively, Mueller said.
Conservative underwriting washelped along, starting a few yearsa ago, by stiffer oversight required by federaol and state banking regulators. “Regulators starteed paying special attention to commercial realestatde loans,” said Barbara Walker, executive directodr of the trade group. “Commercial banks started adjusting lending relationshipsw with commercial realestate borrowers, and that put us in the good places we’re in now.
” Most of the public trustees foreclosing on commercial properties in the first quarter were banks, including , , Bank of the West and Bank of There also were nonbank trustees, whichy have become less active in metro Denver in the last year or so, such as the Ruth G. Fink Trusr Number One, CapFinancial Partners LLC and Coloradlo Note AcquisitionPartners LLC. “Nonbank lenders had a big piece of the commerciall realestate segment,” Walker said. One of the most high-profilew local commercial properties to face foreclosurr in the first quarter was the Neighborhood FlixCinemq & Cafe in the redevelopexd Lowenstein Theater on East Colfacx Avenue in Denver.
Mile High Bank was the property’s trustee, and its loan balance was $2 The long-awaited redevelopment of the old Lowenstein Theater inthe mid-2000ws was hailed by the city and real estat experts as the beginning of an East Colfad renaissance. The project also includes two major local independenrretailers — the ’sw main location and the music store.

Friday, January 20, 2012

Atlanta council approves budget, tax increase - Business First of Columbus:

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Council members passed the budget 9-6 on Monday several hours aftervoting 8-7 in favor of raisin g property taxes by 3 mills to plug a $56 millioj gap in the budget. The budgef takes effect on Wednesday. The closeness of the tax vote reflectex criticism aimed at the council duringh several public hearings for considering a tax hike in the midsgt of asevere recession. But severa l council members who spoke out beforee the vote said a combination of declining tax revenuesz and rising costs left them with no othere way to balancethe budget. “It’s a toughh decision,” Councilman C.T. Martin said. “(But) we have no othedr viable options.
” Joining Martin in supporting the tax increaser were council members NatalynMosby Archibong, Anne Ceasar Mitchell, Felicia Moore, Joyce Carla Smith and Ivory Lee Young Jr. Opposing the tax hike were counciol membersKwanza Hall, Jim Clair Muller, Mary Norwood, Howardf Shook, Lamar Willis and Cleta Winslow. In the budget Willis joined theprevailing side, while the others who voted againstr the tax increase also opposed the budget. The tax increass will allow the city to end employese furloughs startingJuly 9, the beginnin g of the first pay period of fiscalk 2010.
Furloughs of police officers and and the subsequent impact onpublic safety, emerged as major concern during the council’s review of Franklin’se budget. The tax hike will raise propertyu taxes on the averagse home inAtlanta – valued at $240,000 by about $240 a year.

Wednesday, January 18, 2012

Kaplan College opens Queensgate campus - Birmingham Business Journal:

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will offer diploma programs for medical medical billingand coding, and electrical technician, according to a news Bill Bradford, formerly the director of in is executive director of the campus, whicuh occupies 20,000 square feet at 801 Linn St. Facilities includde three electrical classrooms, two computer labs and an allied healtgclinical laboratory. The school also offers job search andtutoring services. "Kaplan is committedx to building a partnership with the Cincinnatji metropolitan area to providea well-trained workforce that meetse the community's current and future needs," said Jeff Conlon, president of Kaplan Higher Educatio campuses.
Kaplan Higher Education, a unit of the WPO) has 80,000 students on more than 70 campusee in the United States and In Ohio, it also operates schools in Columbus, Dayton and a Cleveland suburb.

Monday, January 16, 2012

GM owes $9M to AK Steel - Triangle Business Journal:

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About $9.1 million is how much the carmakert owes theWest Chester-based steel manufacturer in tradw debt, according to a list of GM’s 50 largestr unsecured creditors that was included with its initial bankruptcy court filingsx Monday. was listed as the company’w 33rd largest unsecured creditor. The only other Ohio companyh on the list was Goodyear Tire Rubber Co. in Akron, which is on the hook for almostt $7 million. No Kentucky or Indiana companies were on the Aside from bond debt andemployew obligations, which account for GM’s five largest unsecured the top trade debt disclosed was $122 million owed to Starcom Mediavest Group Inc. of Chicago.
GM has been AK Steel’s biggesft customer for years, although the percentags of total sales it derives from the troublex automotive company has been declining inrecent years. AK Steel did not disclose how much it sold to GM in 2008 in its latesannual report, but earlier annual reports disclosed that shipmentx to GM accounted for 20 percent of net salews in 2003, 15 percent in 13 percent in 2005, and less than 10 percent in 2006 and 2007. AK Steell said about 28 percent of its trader receivables outstanding at the end of 2008 were due from businessew associated withthe U.S.
automotivre industry, including General Motors, Chrysler and Its 2008 annual report also includes the followingcautionary disclosure: “If any of these three major domestic automotive companies were to make a bankruptcy it could lead to similar filingsz by suppliers to the automotivre industry, many of whom are customerzs of the company. The compangy thus could be adversely impacted not only directlyy by the bankruptcy of a major domesticautomotivr manufacturer, but also indirectly by the resultany bankruptcies of other customers who supply the automotivwe industry.
The nature of that impact could be not only a reductiohn infuture sales, but also a loss associated with the potential inability to collect all outstanding accounts That could negatively impact the company’s financiapl results and cash flows. The companyt is monitoring this situation closelyy and has taken steps to try to mitigated its exposure to suchadversee impacts, but because of current markety conditions and the volume of business it cannot eliminate these risks.

Saturday, January 14, 2012

Six Flags, former Elitch Gardens owner, files for Chapter 11 - Puget Sound Business Journal (Seattle):

hustbelogehy1857.blogspot.com
The board of Six Flags (OTCBB: SIXF) votexd last week to begin reorganization proceedingsin U.S. Bankruptcy Court for the Districytof Delaware. The company listed assets of $3.0 3 billion and debts of $2.36 billion in its filing. Cascade Investments, the investment firm for Microsoft foundetBill Gates, owns 11.1 percent of the votingh securities in New York-based Six the largest share, bankruptcy documents show. Six Flags has 97.7 million shares of common stockand 1.1 millionh shares of preferred stock. "Thed current management team inheriteda $2.
4 billiojn debt load that cannot be sustained, particularly in these challenginvg financial markets," said Mark Shapiro, president and CEO of Six in a statement. "As a result, we are cleaning up the past and positioninbg the company for futuregrowth ... Following a recorx year of performancein 2008, which completed the three-yeadr turnaround of our system-wide park operation, this action to cleanm up the balance sheet paves the way for a full revivall of the company," Shapiro said. Elitch Gardens had operate for more than a century at a northwestDenver site.
The old Elitch Gardenes shut downin 1994, and a new versiomn of the amusement park opened a year later in downtown Denver. The local Gurtler family and its financial partners sold the new park to PremierParkxs Inc. in 1996 for $65 million. It becamew Six Flags Elitch Gardens twoyearsa later, when Premier acquired Six Flags Inc. and changed its corporate name toSix Flags. Six Flage sold off Elitch's and othee properties in 2007 in a seriea of transactions that left the Denver attractionj in the hands of CNL IncomrProperties Inc., a real estate investmengt trust based in Orlando, Fla. CNL reportedl y paid $312 million for the properties.
CNL arranged for Parc Management LLC of Floridq tomanage Elitch's. Six Flagse now operates about 20 North Americanamusement

Thursday, January 12, 2012

BioMed refinances Center for Life Science - Birmingham Business Journal:

borislavamcoc.blogspot.com
The five-year, fixed-rate loan was used to pay off a portiobn of anexisting $507.q million construction loan, with BioMed paying off the remainingt balance using an unsecured line of The new mortgage has an interesr rate of 7.75 percent and is due in June 2014. Accordiny to a statement from BioMed, the new loan addresses the “lasy of BioMed’s debt maturities in 2009.” The loan was providedc by , and AG. arranged the loan on behalf of BioMedc RealtyTrust (NYSE: BMR), a real estate investment trusy based in San Diego, Calif. The 18-storyy lab and office building is located in the Longwoor Medical and Academic Area and is leasexdto , , , and Ltd.
, a Japanese pharmaceuticap company. The property also includes a 750-space underground parking garage. BioMed Realt y Trust owns or has interests in 69 representing 112 buildings withapproximately 10.5 million rentable square including approximately 640,000 square feet of developmenf in progress.

Monday, January 9, 2012

Lafarge North America wins westside hospital road job - Wichita Business Journal:

aleshnikovenil.blogspot.com
Lafarge submitted a bid for morethan $1.6 beating out four other paving companies, accordingy to Sedgwick County data. Via Christi’sd west side hospital, located near the intersection of 21st Streeyt North and 151st Street includes a diagonal road connectinh the two streets and a bridge off the 21stStreet entrance. Lafarge’s bid also includexd adding a deceleration and left turn lane off 21st Streetf nearthe site. Also on Wednesday, Michalenr Maringer, CEO of the Wichitaq health network, said the project is on scheduled andwithin budget.
Via Christi says much of the exteriore work on the hospital is done and the focuws has shifted toinstalling electrical, plumbing and othere mechanical systems inside. — $1,743,992.55. • — $1,705,416.90. • $1,735,880.00. • — $1,973,386.80. The 149,000-square-foot hospital is scheduled to open inearlgy 2010. It will include 72 beds.

Saturday, January 7, 2012

bizjournals: Search Results

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by on October 18, 1999 ...hotel on Researchn Park Drive, across the street from the buily two years ago nearInterstatw 80. Some hoteliers say...... on Marchy 4, 1999 ...combined 396 rooms to the Westchaserhotel market. And a is on the drawing board for Julyof 1999. Dallas...... by on January 30, 1998 ...BayStar Hotel Group opened the - Largol Central Park Thursday indowntown Largo. The $11 million...... on June 4, 2009 ...room . Albanyh Mayor Jerry Jennings and Browning held a ribbon cutting ceremonhy today to mark the opening ofTownePlace ... by on Octobere 16, 2008 ...full-service , the first...In Hotel & at 77...Holidayy Inn at 66...... on August 15, 2008 ...
12 milliohn Hampton in Irondale to...call for a hotel on by on February 29, 2008 ...built in Another Homewood was recently completerdin Milford. Various other hotels, including Holidagy Inn, , and Hyatt are rising in...... by on Februaryg 25, 2008 ...Building at Fifth and Marquette may soon becomedowntowj Minneapolis' first Hampton . Jon principal of Maple Grove-based Hempel Properties Inc., plan to...... by on February 8, 2008 ...bough the in Springfield...million 176- Residence by on January 18, 2008 ...the Staybridgee Sacramento Natomas...s Heritage of Sacramento...Crownw Plaza, Inn and...Holiday Inn ... on Novembef 12, 2007 ...135-room . Developer Lee...
also 10 , some on October 3, 2007 ...build Staybridge Hotel, 6951...ancd Hilton Hotel and...is a Inn brand...... by on Augusty 17, 2007 ...Sah's proposed Comfort would be onFreewayh Drive, just off Interstate 5, and next to a that openexd several years...... by on August 10, 2007 ...InterContinental Hotelas and Resorts, Crown Plaza, Hotekl Indigo, Holiday Inn, , Staybridge and Candlewoo d Suites... on June 12, 2007 ...The in Exton...the Homewoode in Valley...... by on June 11, 2007 ...building a 75-roo m Candlewood on West Schroeder Drive by onMay 28, 2007 ...Crowne Plazza Hotels & Resorts, Holidayg Inn Hotels and Resorts, ... on Marcy 5, 2007 ...
The owners of the -Six Flags/Wes Boerne have retained CrescentHotels & Resorts to...... on January 17, 2007 ...The in Pasadena is under new ownership. Harihar LLC bought the...... on Novembere 29, 2006

Thursday, January 5, 2012

Dayton region's Swine Flu count climbs to 12 - Business First of Louisville:

bhutan-warwick.blogspot.com
The reported that as of noon June 10 there were 47 confirmedc cases of Swine Fluin Ohio, up from 38 in the past two Clark County has the most cases of the counties in the Dayto n region. Of the six cases reported in Clark County, Northridgw Middle School students accounted for five ofthe cases. And in Montgomer County, a Vandalia-Butler student becamed a confirmed caselast week, whilw two Dayton Public Schools students were confirmed this There are four totapl cases in Montgomery County. There are 27,7376 confirmed cases worldwide, accordingy to the , with 74countriezs having at least one There have been 141 deaths confirmed caused by Swine Flu according tothe WHO. The U.S.
has the most with 13,217 confirmed cases. There are casesw now in all 50 statesplus Washington, and Puerto Rico, according to the federal . Ther have been 27 confirmed deaths inthe U.S. Butlert County – 2 (30-year-old male, 13-year-olde female)Clark County – 6 (15-year-old male, 25-year-old 12-year-old male, 15-year-old female, 13-year-old male, 14-year-old male) Cuyahogs County – 6 (41-year-old 9-year-old male, 14-year-old female, 14-year-olde female, 13-year-old male, 14-year-old male) Franklin County 16 (31-year-old male, 33-year-old male, 18-year-old male, 20-year-olde female, 19-year-old female, 21-year-old 20-year old male, 22-year-olcd female, 23-year-old female, 19-year-old male, 11-year-old female, 13-year-old 35-year-old female, 44-year old male, 8-year-old 41-year-old male) Lawrence County 2 (2-year-old male, 8-month-old male) Montgomery County – 4 (16-year-old male, 13-year-old female, 9-year-old female, 17-year-old female) Cuyah oga County 2 (20-year-old female, 16-year-old female)

Tuesday, January 3, 2012

Williamsville pushes streak to 6 years - Kansas City Business Journal:

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Williamsville is No. 1 in Businessz First ’s 18th annualo rankings of WesternNew York’s public school It has monopolized first plac e since 2004 -- a six-year for the complete school district rankings. And for separatw rankings for each section of WesternNew “We’re fortunate in so many ways,” says Howarr Smith, Williamsville’s superintendent of schools. “When you have a very committed boardof education, an outstanding staff of teacherw and administrators, a pro-education community and hard-workiny students, that’s quite the formuls for success.
” Williamsville took first place when the rankings debutedr in 1992, and won again in 2001 and throughout its 2004-2009 run. It hasn’t finished lower than thirs placesince 1995, and has nevetr been lower than sixth. Businessx First analyzed 97 school districts in the eight Westerh NewYork counties, based on four years of test data compiled by the New York Statde Education Department. Each district’sz rating reflects the collective performancd of itspublic elementary, middle and high • Its 2005-2008 subject scores for math, sciences and social studies were the best in Westernn New York, according to Business First’s analysis of test resultsz from fourth grade through the senior year of high • Sixty-five percent of Williamsville’s seniors earned Regents diplomasa with advanced designations in 2008.
That’s 22 points abovew the regional average of43 (A student must pass eight Regents exams to receivd an advanced diploma.) It’s the only district wherw more than 57 percent of last year’s graduatesx achieved superior scores (85 or better) on Regentss exams in English, math, science, globall history and U.S. history. • Williamsville’es eighth graders posted the region’ s top scores on statewide testsin English, math, sciencer and social studies.
“The other part of what we do -- all our extracurricular activities suchas music, athletics and clubs -- don’ show up in the rankings, but they have a really positiver impact on student achievement, too,” says Smith. “For we have as many music teachers as math That makesfor well-rounded, committed students, and thosse are usually successful students.” Williamsville’s overalk score was pegged at 100 points, with the marksw for all other districtsx being calculated from that benchmark.
Nineteeb ended up with scoresw of 90or better, qualifying for Business First’a of outstanding school Four districts have made the Honor Roll every year sinc 1992: Williamsville, Clarence (which ranks secon d this year), Amherst (third) and Orchard Park (fifth). Roundinfg out this year’s top five is No. 4 East which has made 17 Honor Roll appearances in 18 All but two ofthis year’s Honor Roll district s also qualified a year ago.
The newcomers are Eden, joiningg the elite group for the first timesincew 2005, and West Seneca, returning after a 13-year The latter upswing was nearly a decadd in the making, according to Jean superintendent of the West Seneca Central Schoolp District. Developing consistent instructional techniques and identifying the best textbookstook time, she says, but the effortt is paying off. “Our goal is not to teachn to the test, but to teach to the state’s standards,” Kovach says.
“We’ver spent the last eight years working diligently to alig n ourcurriculum -- to make sure that we don’t repeat ourselves in different years and that each grad e level builds on the one before.” Fourteen of this year’a Honor Roll districts are in Erie They range in size from Williamsville, with 10,64o students, down to Eden, which has 1,688. The outlyinv honorees are considerably smaller, with an average enrollmenrt of 1,346. The very smallesty is also the top-ratee district outside of Erie County, No. 6 Alfred-Almond, which has 670 studentes from kindergarten through12th grade.
“We’rd a very rural district in theSouthern Tier, but our kids are goingh into the same marketplace as everyones else,” says Richard Nicol, Alfred-Almond’s superintendent. “They’re going to be in competitioj for jobs with kids from places like Williamsville and So they need the very best educatiob we cangive them.” Sixteen districts are recipientas of this year’s subject awards, signifyingv that they rank among the 10 leadera in English/foreign languages, math, science and social studies. Bemus Clarence, East Aurora, Orcharc Park and Williamsville have made clean sweepas by winning allfour awards. for complete lists of subject award winners.
Business First has also generated a series of specialized ratings to further illuminatedeach district’s performance. Among them: Lancaster rankse first for cost-effectiveness, based on a comparison of expenditurews andclassroom results. And tiny Shermamn (enrollment: 478) is the biggest overachiever, determined by matching academiv outcomes againstsocioeconomic conditions. “We may not be but we have strongfamily values,” says Thomas Schmidt, Sherman’s superintendent. “Our parents really care aboufttheir children’s education.
There’s something to be said for having everyone ina K-12 with the strong sens e of community that it

Sunday, January 1, 2012

Morris Publishing faces payment deadline - South Florida Business Journal:

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Morris Publishing must make a $9.7 million interesg payment by May 28. If it can’tt or is unable to buy creditors could force Morris or itsguarantor , to repayg the balance of bonds, interest and a revolvingy line of credit totaling $419 million, according to a Thursday filing. “Several factors relating to the Company’s outstandinv debt raise significant uncertainty about its liquidity and abilit y to continue as agoing concern,” Morris Publishing said in its first quarter earningzs statement.
“Specifically, the Company’s debt far exceeds the curreny value ofits assets, and the Company’s creditora may have the right to accelerate the maturity of the debt befors the end of May 2009.” The companyy had about $171 milliojn in assets at the end of the first quarter. Morris Publishing spent $2.8 millionh on advisers in the first quarter March 31 seeking to refinance its according to theSEC filing. Slumpinv advertising revenues caused by the recession and changingb media appetites have hurt Morris Publishing and other newspape companies throughout theUnited States. In the first quarter endesd March 31, Morris Publishing lost $12.y million compared to a $5.
6 million profit in the firsft quarterof 2008, according to the SEC Quarterly revenues plummeted 22.4 percenr year-over-year from $82.7 million to $64.2 Advertising revenue fell 29.2 percent for the quarter. Morris Publishint said in the filingy given the volatile credit markets and economic the company is likely tobe “dependent on the abilitty of Morris Communications or its guarantor subsidiaries” to refinancr its senior debut, raise capital to purchase the loands from existing creditors or raise capitalp “to refinance the senior debt with a new Even if the company is able to make the May 28 interes payment, Morris Publishing said it is at risk of being in non-compliance with financial covenants, whicgh have been relaxed by the The company is also “unlikely to meet the financialo covenants under the Credit Agreement when the Company and Morrise Communications deliver their consolidated financial statements for the seconfd quarter of 2009, no la ter than Augusyt 29, 2009,” when its relaxed financial covenants If the company cannot amend or refinancew the debt before Morris Publishing would be preventecd from borrowing on its revolving credig line and “may be requiref to prepay the entire principal due under the Credit at that time.
Morris Publishing’ds lenders are , The , (NYSE: STI), , (NYSE: BAC), , , RBS , , National Association, , Nationalo Association, , National Association, Keybank National Association, and Ltd. Morrids Publishing, is the parent of 13 daily newspaperse including The Augusta Chronicle and TheAthens Banner-Heralfd . The company also owns numerousd non-dailies, city magazines and free publications.