PATHE MAKES NOTE PAYMENTS
PATHE MAKES NOTE PAYMENTS LOS ANGELES, Nov. 1 /PRNewswire/ -- Pathe Communications Corp.
(NYSE: PCC) announced that it has made interest payments today to holders of its 12 3/8 percent senior subordinated notes due October 1994.
The total amount of interest being paid as scheduled to note holders is approximately $1,057,000 on a total outstanding principal amount of $17,089,000, according to Aurelio Germes, chief financial officer. Pathe's bank, Credit Lyonnais, today transferred funds to the note trustee, Bankers Trust Co., enabling the company to make payments to the note holders, Germes said. Pathe Communications Corp. is a publicly traded company listed on the New York Stock Exchange (symbol PCC). Pathe is a holding company whose chief asset is 98.5 percent of the stock of MGM-Pathe Communications Co. -0- 11/1/91 /CONTACT: Richard S. Kline and Gregory F. Romano of Berkhemer Kline Golin/Harris, 213-623-4200, for Pathe Communications Corp./ (PCC) CO: Pathe Communications Corp. ST: California IN: ENT SU: JL-KJ -- LA025 -- 0464 11/01/91 18:39 EST
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|Date:||Nov 1, 1991|
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