TITLE

Store Lease Terminations Pull Plug on Kmart Debt Payments

AUTHOR(S)
Fine, Jacob; Williamson, Richard
PUB. DATE
September 2002
SOURCE
Bond Buyer;9/25/2002, Vol. 341 Issue 31478, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports the decision of Kmart Corp. to reject some department store leases due to its bankruptcy restructuring plans. Selection of DJM Asset Management Inc. to handle the lease liquidations; Delay of debt service payments to investors; Use of the proceeds to finance store construction projects.
ACCESSION #
7466500

 

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