Tuesday, November 18, 2008

Lazy Days RV Center Misses $8.1-million Loan Payment

Tampabay.com - St. Petersburg,FL,USA
The downturn crippling the auto industry has come home to the sprawling Lazydays RV SuperCenter in Seffner, the world's largest single-site RV dealer.

Lazy Days RV Center Inc., the company's parent, missed a long-term debt payment of $8.1-million due Monday and is trying to renegotiate terms with holders. Missing the interest payment triggered a 30-day grace period before the company is considered in default.

Lazydays said modifying debt terms is the best way to ensure the company's viability "through what is anticipated to be a protracted downturn in the market for recreation vehicles.''
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