Subprime Lending

Fremont Delays Interest Payment on $169 Million of Debt 

Troubled Fremont General Corporation said Tuesday that it will delay a $6.6 million interest payment on $169.0 million of outstanding debt while it tries to complete a possible debt restructuring. The company said it “is engaged in discussions” with the debt holder, and that it has until April 17 to make the scheduled payment; any delay without refinancing the debt beyond this date would likely put Fremont into an “event of default” on the outstanding debt, it said.