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Cerplex Group Fails to Make $2.2 Million Debt Payment

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The Cerplex Group Inc., a computer hardware servicing company, said Tuesday that it did not make its $2.2 million payment on certain debt securities and will try to find other financing.

The Santa Ana company said in a press release that it was required to make payments of $404,008 in interest and $1.8 million in principal on Monday.

The $10.4 million in securities carry a 7 3/4% interest rate and are due to be paid off next year.

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Cerplex warned that while it is seeking financing alternatives, it did not know if those alternatives would allow it to pay off the debt.

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