Make us your home page
Instagram

Lazydays files voluntary Chapter 11 bankruptcy, vows quick comeback

As expected, Lazydays RV Center in Seffner followed through on Friday on its plan to file voluntarily for bankruptcy under a prepackaged Chapter 11 reorganization. Lazydays CEO John Horton in a statement said the filing has the "full support" of lenders and bondholders. "We expect to move through the process quickly and emerge a stronger company by year end – all without disruption to our business or to our customers," he said. Filed in U.S. Bankruptcy Court for the District of Delaware, the plan is expected to eliminate all of the company's $137 million of bond debt, reducing its annual cash interest costs by about $16.2 million through the elimination of bond interest payments. "This is a process that will help Lazydays weather the present economic storm," Horton said, adding the financial restructuring will not affect business operations, customers or employees. Lazydays, founded in 1976 by Don Wallace, is the nation's largest singe site RV dealership.

Lazydays files voluntary Chapter 11 bankruptcy, vows quick comeback 11/06/09 [Last modified: Friday, November 6, 2009 7:19pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. There's a bar in Tampa where you can roller skate and eat sushi

    Food & Dining

    Roller skating, it's not just for kids birthday parties and the 1970s anymore.

    The exterior of Pattinis features this mural by Art Aliens! [Pattinis South Tampa via Facebook]
  2. Lockdown: Florida's 97,000 prison inmates confined through weekend

    State Roundup

    All of Florida's 97,000 state prison inmates are on lockdown — and will remain confined to their dorms at least through the weekend — in response to unspecified threats about possible uprisings, officials from the Florida Department of Corrections confirmed Thursday.

    Blackwater River Correctional Facility. [Florida Department of Corrections]
  3. Carnival announces five more cruises from Tampa to Cuba

    Tourism

    TAMPA — Carnival Cruise Line is adding five more cruises from Tampa to Cuba in 2018, Port Tampa Bay announced Thursday.

      Carnival Cruise Line announced additional cruises to  Cuba. Pictured is its Paradise cruise ship departing on its inaugural voyage to Cuba from Tampa. | [MONICA HERNDON | Times]
  4. Engage Behavioral Health expands into Wesley Chapel

    Business

    On Aug. 5, Engage Behavioral Health celebrated the grand opening of a new clinic in Wesley Chapel.

    hillsevbiz081117: Jennifer Phelps is the CEO & Founder of Engage Behavioral Health. Photo courtesy of Engage Behavioral Health.
  5. Former owner of Sirata Beach Resort purchases two Tampa Bay shopping centers

    Real Estate

    ST. PETERSBURG — After selling the Sirata Beach Resort and Conference in February, Nicklaus of Florida, Inc., has purchased two Tampa Bay shopping centers to diversify the firm's portfolio in the area. Colliers International, representing the sellers, announced the transaction this week.

    Sirata Beach Resort and Conference Center, one of Tampa Bay's last family-owned beach hotels, was sold to a Texas-based company, Crescent Real Estate LLC for $108.19 million. [LARA CERRI | Times]