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From Times Staff and Wire Reports

Intermark Misses More Payments: Financially troubled Intermark, which on June 30 missed a $9.1-million interest payment on its bond debt, said Monday it will not make two additional payments. The La Jolla-based parent company of Liquor Barn, National Airmotive and several other companies said it failed to make a $1.5-million payment Monday that would have retired part of its outstanding bond debt. In a press release, Intermark also said it would not make today’s scheduled $900,000 semiannual interest payment on the bonds. Intermark, which has been swamped by its junk bond debt, said in March that it was attempting to complete a prepackaged reorganization plan. Negotiations with bondholders are still under way, according to the release.

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