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Flying J and Pilot Travel Centers Announce Preliminary Merger Agreement
Flying J Inc. ("Flying J") and Pilot Travel Centers LLC ("Pilot") announced that they have entered into a preliminary merger agreement that will provide a framework for Flying J's core travel plaza business to emerge from Chapter 11 bankruptcy protection. Under the terms of the Letter of Intent filed today with the U.S. Bankruptcy Court in Delaware, the value indicated would allow all Flying J creditor obligations to be paid in full. Pilot has also agreed to provide $100 million in Debtor-in-Possession financing for Flying J's operations, subject to court approval and various conditions.
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Porta-bote Announces New Folding Boat Lineup
MOUNTAIN VIEW, Calif. -- Porta-Bote International has unveiled its brand new high-performance portable folding RV boats for 2009.
Folding Porta-Botes are specifically designed for the RV boating enthusiast who enjoys fishing, hunting and sailing but lacks the space to store ordinary boats in his RV. They are extremely practical for owners of RVs since they easily stow on the side or roof of the vehicle. By eliminating the need to tow a heavy trailer, fuel costs are significantly reduced.
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Monaco files Chapter 11
COBURG, Ore. -- Monaco Coach Corporation announced on March 5 that it has filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.
Full Article
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