Doman makes coupon payment

New York, Oct. 10 - Doman Industries Ltd. said it made the coupon payment due Sept. 15 on its $388 million of 8.75% senior unsecured notes maturing 2004.

"We continue to have constructive discussions with our bondholders, and we are encouraged by our progress thus far," said Rick Doman, president and chief executive officer, in a news release. "Our objective remains to achieve a restructuring of our public debt that has the support of our bondholders and establishes a capital structure that will enable Doman to be a strong, long-term competitor in the B.C. coastal forest products industry."

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