Proposed Country Coach RV bankrupcy deal

An RV dealer from Texas would buy motor homes and invest millions in return for a half stake in the company

A Texas RV dealer will buy six Country Coach motor coaches and invest $4 million in return for a 50 percent equity stake in the company as part of a proposed deal intended to allow the RV maker to emerge from Chapter 11 bankruptcy protection, according to documents filed this week in U.S. Bankruptcy Court in Eugene.

In addition, Recreation Live LLC of Schertz, Texas, would commit to buying an increasing number of coaches in the future, and open at least three “factory stores,” according to a July 14 letter of intent between the recreational vehicle dealer and RV maker.

For the full article, see The Register Guard (Eugene, Oregon)

economy, in the news, RV, RV business, RV manufacturer
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