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RV maker buys time

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High Five
Wednesday, November 25, 2009

RV maker Country Coach got an early Christmas present of $1 million from an investor keen on buying additional time for negotiations with Wells Fargo, the company's main creditor.

CEO Jay Howard, told the Register-Guard that the cash enabled the company to continue to operate in Chapter 11 bankruptcy, as they have done since March. They now have until December 3 to assume the $8.2 million loan.

That investment is reported to have come from Bryant Riley, a Los Angeles investment banker, whose investment group bought Country Coach from National RV Holdings for $50 million in 2007.

What do you think about the prospects for Country Coach and Oregon's RV sector?

Read more at the Register-Guard.

{biztweet}Oregon Country Coach investment Bryant Riley{/biztweet}



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