Kimball Hill Homes Bad News

Kimball Hill Homes says it was late filing SEC documents

By William Sluis |Tribune staff reporter

Troubled builder Kimball Hill Homes said Tuesday that it belatedly filed documents with the Securities and Exchange Commission that include an auditor's opinion that it may no longer be able to continue as a going concern.

The report from auditor Deloitte & Touche cited a violation of the terms of Rolling Meadows-based Kimball Hill's senior lending facility. The company said earlier this month that it was in talks with its lenders.

As of Sept. 30, the company reported debt of $564 million.

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