Monday, December 22, 2008

RV Dealer Lazydays Gets Reprieve
Most of Lazy Days RV Center Inc.’s debt holders have agreed to give the company more time to pay interest due to them.

Lazydays said in a filing with the Securities and Exchange Commission that 93 percent of the holders of its senior notes due 2012 have agreed to forebear from exercising their remedies.

The noteholders agreed to hold off taking action until Jan. 15, the filing said.

Lazydays said a month ago it would not pay interest due to noteholders so it could preserve cash amid a downturn in the market for recreational vehicles. Lazydays, a dealer of recreational vehicles based in Seffner, said it would talk with the noteholders to restructure its long-term debt to improve liquidity or modify its requirements for liquidity.
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