Trism To Omit Interest Payment On Bonds

Trism Inc., Kennesaw, Ga., said it will not make a $4.6 million interest payment due June 15 on its 10.75% senior subordinated debt due Dec. 15, 2000.

President Edward L. McCormick said the decision is one of several actions being taken to strengthen the company's financial and operating structures. The company has retained Deutsche Banc Alex. Brown to develop financial restructuring options.

Trism said it has commenced discussions with bondholders on restructuring the debt. The restructuring would not affect the operations of Trism and all other debt and leasing obligations would be paid in accordance with their terms, the company said.

Trism operates fleets that specialize in hauling heavy, over-dimensional equipment, munitions and hazardous materials.