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 . . .