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) :  March 13, 2012
 
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:
 
¨
Wri tten 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) stated principal amounts outstanding on the New Notes; provided, however, that no payment or redemptions are required if Excess Free Cash Flow is less than $250,000 during the monthly period.
 
Applying this requirement with respect to Morris Publishing's monthly period ending February 29, 2012, Morris Publishing redeemed $2,376,490 in aggregate stated principal amount of the New Notes on March 15, 2012, the referenced period's Excess Cash Flow Payment Date (as defined in the Indenture). On March 13, 2012, Morris Publishing delivered a certificate to the Trustee under the Indenture stating that $2,376,490 of the aggregate stated principal amounts outstanding on the New Notes will be redeemed on the March 15, 2012 Excess Cash Flow Payment Date .
 
The table below summarizes all of the aggregate stated 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 Due Date
 
                               
 Quarterly interest payment
  $ 100,000     $ -     $ 833     $ 100,000    
4/1/10
 
 Excess Free Cash Flow-March 2010
    100,000       -       -       100,000    
4/23/10
 
 Excess cash-Tranche A repayment
    100,000       3,211       21       96,789    
4/23/10
 
 Excess Free Cash Flow-April 2010
    96,789       -       -       96,789    
5/21/10
 
 Excess cash-Tranche B refinance
    96,789       1,760       24       95,029    
5/21/10
 
 Excess Free Cash Flow-May 2010
    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 2010
    94,013       2,803       14       91,210    
7/19/10
 
 Excess Free Cash Flow-July 2010
    91,210       -       -       91,210    
8/24/10
 
 Excess Free Cash Flow-August 2010
    91,210       1,094       24       90,116    
9/17/10
 
 Quarterly interest payment
    90,116       -       2,254       90,116    
10/1/10
 
 Excess Free Cash Flow-September 2010
    90,116       424       2       89,692    
10/19/10
 
 Excess Free Cash Flow-October 2010
    89,692       1,994       26       87,698    
11/18/10
 
 Excess Free Cash Flow-November 2010
    87,698       1,190       24       86,508    
12/15/10
 
 Quarterly interest payment
    86,508       -       2,163       86,508    
1/3/11
 
 Excess Free Cash Flow-December 2010
    86,508       -       -       86,508    
1/21/11
 
 Excess Free Cash Flow-January 2011
    86,508       4,269       55       82,239    
2/16/11
 
 Excess Free Cash Flow-February 2011
    82,239       3,227       68       79,012    
3/16/11
 
 Quarterly interest payment
    79,012       -       1,975       79,012    
4/1/11
 
 Excess Free Cash Flow-March 2011
    79,012       579       3       78,433    
4/21/11
 
 Excess Free Cash Flow-April 2011
    78,433       -       -       78,433    
5/16/11
 
 Excess Free Cash Flow-May 2011
    78,433       322       6       78,111    
6/15/11
 
 Quarterly interest payment
    78,111               1,953       78,111    
7/1/11
 
 Excess Free Cash Flow-June 2011
    78,111       563       3       77,548    
7/15/11
 
 Excess Free Cash Flow-July2011
    77,548       -       -       77,548       8/17/11  
 Excess Free Cash Flow-August 2011
    77,548       3,445       73       74,103    
9/16/11
 
 Quarterly interest payment
    74,103       -       1,853       74,103    
10/3/11
 
 Excess Free Cash Flow-September 2011
    74,103       1,195       6       72,908    
10/18/11
 
 Excess Free Cash Flow-October 2011
    72,908       1,548       19       71,360    
11/16/11
 
 Excess Free Cash Flow-November 2011
    71,360       -       -       71,360    
12/14/11
 
 Quarterly interest payment
    71,360       -       1,784       71,360    
1/3/12
 
 Excess Free Cash Flow-December 2011
    71,360       1,368       8       69,992    
1/20/12
 
 Excess Free Cash Flow-January 2012
    69,992       3,678       53       66,314    
2/21/12
 
 Excess Free Cash Flow-February 2012
    66,314       2,376       50       63,938    
3/15/12
 
 Total-to date
          $ 36,062     $ 15,666                  

 
 
 

 
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: March 15, 2012
 
 
 
MORRIS PUBLISHING GROUP, LLC
 
 
 
 
 
 
 
 
By:
 
/s/ Steve K. Stone
 
 
 
 
 
 
 
 
Steve K. Stone
Senior Vice President- Chief Financial Officer