facebook
twitter
search
search

HealthSouth in default on $1.2B

March 27, 2003 at 3:44 PM

BIRMINGHAM, Ala., March 27 (UPI) -- HealthSouth Corp. said Thursday it received notice from J.P. Morgan Chase that it's in default under its $1.25 billion credit facility. The company, which is in negotiations with lenders, said it is banned from making $367 million in interest payments to its bondholders.

Related UPI Stories
Latest Headlines
Trending Stories
Ted Cruz campaign pulls ad featuring softcore porn actress
Report: Clinton Foundation subpoenaed by State Dept. watchdog over charity projects
Ruby Rose, Gigi Hadid react to Kanye West's lyric about Taylor Swift
Kristen Wiig impersonates Peyton Manning on 'The Tonight Show'
NYC police officer found guilty of manslaughter in Brooklyn stairway shooting