Morrison-Knudsen Deadline Extended

One-time construction giant Morrison Knudsen Corp. announced on Thursday that its creditors had extended the repayment deadline for over $300 million in debt through 1996.

The deal, that buys the beleaguered company more time for its drive to recover from the disastrous performance under ousted chairman William Agee, also increases is bridge loan from $76 million to $129 million and extends the repayment date on it to March 31.