Fremont General (FMT) Announces Intention to Delay the Scheduled Interest Payment
More News related to FMT
- Fairmount Energy Inc. Announces Special Meeting to Approve Amalgamation
- Delphi Owns 79.0% of Fairmount Energy Inc. and Closes Take-Over Bid
- Fremont General (FMT) Receives Directives From FDIC
- Pre-Open Movers 3/24: Bear Stearns (BSC) Surges On Reports of Higher Bid, Sherwin-Williams (SHW) Lower on Guidance
- Fremont General (FMT) Announces Intention to Delay the Scheduled Interest Payment
More News related to Corporate News
- AEterna Zentaris (AEZS) Announces Phase 2 Results of AEZS-108 Endometrial Cancer Treatment
- Micromet (MITI) Enters Agreement with Lonza AG to Develop Blinatumomab
- FortuNet (FNET) To Tender Outstanding Shares at $1.70/Share to Yuri Itkis Trust
- Citi (C) Sells Diners Club to Bank of Montreal (BMO) for Approx. $1B
- Icahn Outbids Penn National Gaming (PENN) On Bankrupt Fontainebleau Casino Project
Fremont General Corporation (NYSE: FMT), doing business primarily through its wholly-owned bank subsidiary, Fremont Investment & Loan ("Bank"), announced that the Company has determined to delay its semi-annual interest payment of approximately $6.6 million which is payable on March 17, 2008 on its $169.0 million of Series B 7.875% Senior Notes due March 2009 ("Senior Notes") as it attempts to negotiate a comprehensive debt restructuring with the holder of the majority of the Senior Notes. The Company is engaged in discussions with such holder. [JT]
Related Categories
Corporate NewsStocks Mentioned
+0.00Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
