Aurora Foods defers interest payment on 9 7/8 % notes due 2007

Chicago, Aug. 20 - Aurora Foods Inc. said it has deferred $9.875 million of interest payments due Aug. 15 on both its series of 9 7/8% senior subordinated notes due 2007. Aurora has also obtained an extension of its forbearance agreement and waiver until Sept. 15.

Aurora said in a filing with the Securities and Exchange Commission that the deferral was in connection with the restructuring it announced on July 2. Aurora said then that it plans to file for bankruptcy and sell a majority stake in the company to buyout firm J.W. Childs Associates LP for $200 million.

Aurora is a St. Louis-based producer and marketer of food brands.

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