MAI SYSTEMS SATISFIES INDENTURE OBLIGATION
MAI SYSTEMS SATISFIES INDENTURE OBLIGATION TUSTIN, Calif., June 26 /PRNewswire/ -- MAI Systems Corp.
(NYSE: MCO) announced today that it satisfied its obligations under the indenture for its 11 3/4 percent senior subordinated notes due Sept. 15, 1996, in respect of its not having the required minimum tangible net worth (as defined in the indenture) at Dec. 31, 1991, and March 31, 1992, by delivering $10 million principal amount of such notes to the trustee under the indenture.
-0- 6/26/92 /CONTACT: Bertrand H. Weidberg of MAI Systems, 714-730-2484/ (MCO) CO: MAI Systems Corp. ST: California IN: SU: JL-EH -- LA026 -- 4403 06/26/92 18:09 EDT
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|Date:||Jun 26, 1992|
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