Intermark Makes Interest Payment

By CHRIS KRAUL

Sept. 19, 1991 12 AM PT

Intermark made a $920,000 interest payment to bond holders after expressing some doubt in public filings in August that it would have the working capital to do so.

Intermark made the payments Monday on its 11.875% senior subordinated bonds due 1999. The company said it also expects to make an Oct. 1 payment totaling $362,000 on its 13.2% bonds.

John Stiska, Intermark’s president, said no unusual asset sales or financings were required to raise the cash.

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Chris Kraul

Chris Kraul covered South America for the Los Angeles Times from his base in Bogota, Colombia. He joined the paper in 1987 and was business editor of the San Diego edition until it closed in 1992. He then began covering the border and Mexican economies until his assignment to The Times’ Mexico City bureau in 2001. He reopened the paper’s Bogota bureau in 2006. He has also covered the wars in Afghanistan and Iraq. He is a graduate of the University of South Florida and also has been a reporter at the San Jose Mercury News, San Diego Union-Tribune and the San Diego Business Journal.

Intermark Makes Interest Payment

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