RSL Communications said Fri. it suspended interest payments total...
RSL Communications said Fri. it suspended interest payments totaling $22 million on notes while it restructured its note obligations, working with committee representing stockholders. Company said it also indefinitely deferred payment of interest and repayment of principal on $100…
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million loan extended to company late last year by RSL Chmn. Ronald Lauder. Company said it was evaluating “strategic alternatives, including actively pursuing the sale of numerous subsidiaries.” RSL is facilities-based communications company with hq in Bermuda.