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Non-Tech : Signature Group Holdings

ELLH 15.00

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Oct 31 9:30 AM EDT

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From: Carey Thompson	2/29/2008 9:35:37 AM
	of 78

Fremont General to delay interest payments on debt By Alistair Barr Last update: 6:25 p.m. EST Feb. 28, 2008 SAN FRANCISCO (MarketWatch) -- Fremont General Corp. FMT said late Thursday that it plans to delay interest payments on some of the debt issued by a trust unit as the lender struggles to recover from subprime mortgage problems last year. The payments will be deferred on Fremont's junior subordinated debentures and related 9% trust originated preferred securities, the company said. Fremont "has significant liquidity risk as a result of limited sources of cash available to satisfy its obligations," the company explained. It's now working with its investment-banking advisors Credit Suisse and Sandler O'Neill to explore strategic alternatives including raising capital, restructuring debt and the possible sale of the company, Fremont added. media.corporate-ir.net

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