Morris Publishing Sets Deadline for Lenders to Accept Debt Restructuring Plan

first_imgAugusta, Georgia-based Morris owns a portfolio of nearly 20 city magazines—including Augusta, Athens, H magazine and Savannah—as well as 13 daily newspapers. Regional newspaper and city magazine publisher Morris Publishing Group has set January 8, 2010 as the deadline for holders of its senior subordinated notes to accept the terms of a debt restructuring.According to terms of the agreement, holders of Morris’ $278.5 million in outstanding notes would exchange those existing notes for $100 million in new, second lien secured notes. At the same time, Morris “affiliates” would “make capital contributions and repay indebtedness to Morris Publishing in order to cancel $110 million of its $138.75 million in existing senior secured indebtedness.”Note holders will have 20 days to consider the exchange from the day the offer is officially launched, the company said.Morris in October reached an agreement with holders of more than 75 percent of its senior subordinated notes on the exchange. If the exchange offer is not accepted by at least 99 percent of its note holders, Morris has agreed to file a pre-packaged bankruptcy plan which would seek court approval to proceed with the exchange. The deadline for such a filing is on or before January 11, 2010, the company said.last_img read more

2 minor girls raped in 2 districts

first_imgProthom Alo illustrationTwo minor girls have reportedly been raped in Jashore and Netrakona districts as sexual perversion has become an order of the day in this society, reports UNB.In Jashore, a five-year-old girl was violated allegedly by the friend of her father at Altapol village in Keshabpur upazila on Sunday.Police detained the accused, Nazrul Islam, 35, son of late Insar Ali of Bherchi village in the upazila.Quoting victim’s father, police said Nazrul came to their house on Sunday morning.At one stage, he took the minor girl to a nearby fish enclosure and violated her there.Hearing the victim’s screams, locals rushed in, caught Nazrul red-handed and gave him a good beating before handing him over to police, said Mohammad Shahin, officer-in-charge of Keshabpur police station.The girl is now undergoing treatment at Khulna Medical College Hospital.A case was filed with Keshabpur police station in this regard.In Netrakona, a teenage girl was violated by a neighbour at Dhanshira village in Durgapur upazila on Saturday.Mizanur Rahman, officer-in-charge of Durgapur police station, said the victim who used to work as a domestic help in the capital returned home recently.Saiqul Islam, 21, son of Dulal Mia of the village, stormed their house on Saturday noon and violated the girl when she was alone.Later, the mother of the victim filed a case in this regard.The victim was sent to Netrakona Modern Sadar Hospital, the OC said, adding that they were trying to arrest the accused.last_img read more

Changing How Flood Projects Get Prioritized In Houston Region Potential Polling Location

first_imgWednesday, August 28, 2019Top afternoon stories:Andrew Schneider/Houston Public MediaHarris County Commissioners Court.Changing How Flood Projects Get Prioritized In Houston RegionHarris County leaders passed a resolution that would accelerate flood infrastructure spending in areas of the county where people are in the greatest danger from flooding. The “Harris Thrives” resolution passed 3-to-2 along party lines. The resolution would prioritize spending from last year’s $2.5 billion flood bond package under a “worst first” formula. The formula was developed using eight separate criteria, including a measurement developed by the Centers for Disease Control and Prevention known as the Social Vulnerability Index (SVI).County Judge Lina Hidalgo and Russell Poppe, executive director of the Harris County Flood Control District, each said that no flood bond projects would be cancelled as a result of the Harris Thrives resolution.Some 146 projects approved in the flood bond are currently underway.Lucio Vasquez/Houston Public MediaHarris County jail inmates.Potential Polling Location For Harris County Jail InmatesInmates of the Harris County Jail may soon be able to vote. Harris County leaders have approved a study on setting up a polling location at the jail as early as this November.The County Clerk’s and Sheriff’s Offices will explore if they can set up a polling location at the jail in time for this Election Day. Commissioner Adrian Garcia proposed the measure.Commissioner Rodney Ellis seconded the proposal, which passed along party lines in a three-to-two vote.County Clerk Diane Trautman said there may not be enough time to set up a voting site at the jail for this year’s election, but there would be time to do so for the 2020 presidential contest.Getty Images/iStockphoto via The Texas TribuneAn AK-47 rifle.El Paso Shooting Suspect Says He Ordered Weapon From OverseasWhen the alleged gunman walked into an El Paso Walmart earlier this month to carry out the worst massacre of Hispanic people in recent American history, he went in with an assault weapon he said he bought from Romania, according to a Texas Department of Public Safety report obtained by The Texas Tribune.The white 21-year-old suspect in the shooting told El Paso police shortly after his arrest that the Romanian AK-47 was sent to a gun dealer near his home in Allen, a suburb outside of Dallas. He also said he bought a thousand rounds of ammunition from Russia.In a manifesto published just before the shooting, the alleged shooter said the rifle was a WASR-10, a semi-automatic version of a Romanian military AK-47 weapon.The DPS report obtained by the Tribune includes a summary of the suspect’s interview with police, providing more details on the weapon and the suspect’s actions in the racist slaying where he said he “wanted to shoot as many Mexicans as possible.” Sharelast_img read more