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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Mark Adams who wrote (116277)	8/9/2001 12:15:23 PM
From: Mark Adams	Read Replies (2) of 436258

DJ Polariod Again Warns That It Can't Cover Its Debts >PRD NEW YORK (Dow Jones)--Polaroid Corp. (PRD) reiterated that it wouldn't have the funds to repay outstanding borrowings or refinance its credit agreements if its lenders demand repayment of loans. The Cambridge, Mass., instant camera and film company didn't make scheduled interest payments of $10.5 million on July 15 on its 6.75% notes due Jan. 15, 2002. The company also said it won't make payments on Aug. 15 of $15.8 million on its 11.5% notes due Feb. 15, 2006. In a Thursday filing with the Securities and Exchange Commission, Polaroid warned that holders of its 2006 notes could accelerate the maturity of the notes.

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