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.''
Full Story...
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RV Repair and Maintenance Manual - Updated and Expanded The most popular resource for RVers who prefer to work on their own RVs. Featuring step-by-step procedures for maintaining and repairing RVs, in easy-to-understand layman's terms and simple-to-follow instructions. Includes topics on electrical systems, LP-gas systems, water systems, sanitation systems, AC generators, heating systems, air-conditioning systems, refrigerators, trailer brakes, trailer suspensions, dinghy towing, hitches, drivetrain systems, solar power systems, ovens and ranges, microwaves and ice makers, exterior and interior care, and accessories.
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.''
Full Story...
---
RV Repair and Maintenance Manual - Updated and Expanded The most popular resource for RVers who prefer to work on their own RVs. Featuring step-by-step procedures for maintaining and repairing RVs, in easy-to-understand layman's terms and simple-to-follow instructions. Includes topics on electrical systems, LP-gas systems, water systems, sanitation systems, AC generators, heating systems, air-conditioning systems, refrigerators, trailer brakes, trailer suspensions, dinghy towing, hitches, drivetrain systems, solar power systems, ovens and ranges, microwaves and ice makers, exterior and interior care, and accessories.
# posted by Steven Fletcher : 7:25 AM 
