Commodore sinking
14-May-93 13:25:16
Sb: #29865-Commodore sinking
Fm: Art Steinmetz 76044,3204
To: IAIN WHITEHEAD. 100022,2554
C='s lenders are putting the screws to it. That's the reason for the most
recent drop. Prudential ins. had a $13mm loan out to C=, due this week. It
was subject to extension but C= "chose to make the payment as it was unwilling
to accept the terms proposed" according to a C= press release. — Art