Fremont General (FMT) Announces Intention to Delay the Scheduled Interest Payment
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]
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