Talk about dodging a bullit!
Country Coach evidently is alive and well..........
"Luxury motor coach manufacturer Country Coach
is pleased to announce that its principle secured
debt holders have come to terms and new
reorganization financing will be made available.
With the support of Wells Fargo as the Company's
primary secured creditor, and Bryant Riley as the leader of the Company's investor group, Country Coach is positioned to resume operations. The Company would also like to give special thanks to Ron Lee of Lee Joint Ventures, Company founder Bob Lee, and his wife Terry Lee for their valuable support.
"Company CEO & President Jay Howard expressed gratitude to those who have assisted in the re-emergence of this preeminent Company and brand. "Our loyal employees, customers and suppliers deserve our heart felt appreciation for their steadfastness in our times of trouble. Ultimately, our biggest debt of gratitude is owed to Wells Fargo Bank, who is providing the financing for the re-birth of Country Coach as they recognize the value of financially supporting American manufacturing in the Pacific Northwest."
Next week, Country Coach plans to present details of their forward-going plan to the court. Also next week, the Company will release a comprehensive update to their interactive website, www.countrycoach.com.
Mr. Howard stressed the fundamental common sense of the plan, and how it benefits all stakeholders."