Interep On Thin Ice?
March 19, 2008 at 4:47 PM (PT)
There's some mixed messages surrounding INTEREP. Advertising industry website ADRANTS is reporting that INTEREP, "facing repayment of $100 million in bonds, is expected to file for bankruptcy within a month." Yet other sources tell ALL ACCESS that those bonds don't mature until JULY.
If the bonds don't get repaid, look for OAKTREE, which is carrying 50% of the paper, to have the majority of the rep firm,
Stay tuned for more.