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Prospect News home > News index > List of issuers Tenders > Headlines for 2008 > News item
Published on 11/4/2008 in the Prospect News High Yield Daily and Prospect News Private Placement Daily.

Country Road repays $13 million 11½% loan at par to MCG Capital

By Susanna Moon

Chicago, Nov. 4 - Country Road Communications LLC repaid $13 million of subordinated debt to MCG Capital Corp. at par on Monday, according to an MCG press release.

The subordinated loan had a coupon of 11½% and was due in July 2013.

MCG Capital said it made the original investment in July 2005.

Country Road is a Morristown, N.J.-based local exchange carrier.


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