UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
 
Date of Report (Date of earliest event reported): December 13, 2010
 
MORRIS PUBLISHING GROUP, LLC
(Exact Name of Registrant as Specified in Its Charter)
 
Georgia
(State or other jurisdiction of incorporation)
 
333-112246
 
26-2569462
(Commission File Number)
 
(IRS Employer Identification No.)
 
 
725 Broad Street; Augusta, Georgia
 
30901
(Address of Principal Executive Offices)
 
(Zip Code)

(706) 724-0851
(Registrants’ Telephone Number, Including Area Code)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
 
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 


 
 
 
 
 
Item 8.01
Other Items
 
As required by the "Indenture" to the Floating Rate Secured Notes Due 2014 dated March 1, 2010 (the "New Notes"),  Morris Publishing Group, LLC ("Morris Publishing") is required to use its monthly positive operating cash flow, net of permitted cash flow adjustments, ("Excess Free Cash Flow") to repay any amounts outstanding on its working capital facility, and then to redeem (on a prorata basis) the New Notes.
 
Applying this requirement with respect to Morris Publishing's monthly period ending October 31, 2010, Morris Publishing redeemed $1,190,204 in principal amount of the New Notes on December 15, 2010, the referenced period's Excess Cash Flow Payment Date (as defined in the Indenture). On December 13, 2010, Morris Publishing delivered a certificate to the Trustee under the Indenture stating that $1,190,204 of the New Notes will be redeemed on the December 15, 2010 Excess Cash Flow Payment Date.
 
The table below summarizes all of the principal redemption and interest payments subsequent to the March 1, 2010 issuance date of the New Notes:
 
(dollars in thousands)
 
Beginning Principal Outstanding
   
Principal Redeemed
   
Interest Paid
   
Ending Principal Outstanding
 
Payment Date
                           
 Quarterly interest payment
  $ 100,000     $ -     $ 833     $ 100,000  
4/1/10
 Excess cash-Tranche A repayment
    100,000       3,211       21       96,789  
4/23/10
 Excess cash-Tranche B refinance
    96,789       1,760       24       95,029  
5/21/10
 Excess Free Cash Flow-May
    95,029       1,016       22       94,013  
6/17/10
 Quarterly interest payment
    94,013       -       2,350       94,013  
7/1/10
 Excess Free Cash Flow-June
    94,013       2,803       14       91,210  
7/19/10
 Excess Free Cash Flow-July
    91,210       -       -       91,210  
8/24/10
 Excess Free Cash Flow-August
    91,210       1,094       24       90,116  
9/17/10
 Quarterly interest payment
    89,692       -       2,254       89,692  
10/1/10
 Excess Free Cash Flow-September
    90,116       424       2       89,692  
10/19/10
 Excess Free Cash Flow-October
    89,692       1,993       27       87,698  
11/18/10
 Excess Free Cash Flow-November
  $ 87,698       1,190       25     $ 86,508  
12/15/10
 Total-year to date
          $ 13,491     $ 5,597            


 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
Date: December 15, 2010
 
 
 
MORRIS PUBLISHING GROUP, LLC
 
 
 
 
 
 
 
 
By:
 
/s/ Steve K. Stone
 
 
 
 
 
 
 
 
Steve K. Stone
Senior Vice President and Chief Financial Officer