Mar 27, 2013
Champion Industries Defaults on Debt
Commercial printer Champion Industries Inc. has defaulted on its debt after failing to comply with a cash flow covenant and is now working with an investment bank and crisis manager to assess it restructuring options.
Charleston Daily Mail
Champion Industries bedeviled by debt
Champion Industries Inc., the corporate parent of Champion Printing, Capitol Business Interiors and The Herald-Dispatch newspaper in Huntington, said its ability to operate as a going concern depends on its ability to address its current credit situation.