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Management Newsletter Article | February 1, 1991

Charter Debt Restructuring Announced

By Market Intelligence Team

OPEN MINDS The Behavioral Health & Social Service Industry Analyst Industry News Charter Medical Corporation of Macon, Georgia announced the terms of its exchange offers to restructure its outstanding debt. A Form S-4 Registration Statement was filed with the Securities and Exchange Commission on February 15, 1991. Charter also announced that it will omit scheduled interest payments due on February 15 on its 14% Senior Subordinated Debentures and 14.25% Subordinated Debentures. However, the company will make the in-kind interest payments due on its 15.85% Junior Subordinated Debentures. Charter officials said that the company will continue to . . .

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