Forum Discussion
rockhillmanor
Feb 14, 2016Explorer
Affinity aka AGI, owned and still owns this site.
They failed to make a payment of millions to bondholders.
Sooo, Affinity/AGI 'changed' their company name to Good Sam.
""On August 15, 2009, AGI failed to make a $6.2 million interest payment to bondholders, and Standard & Poors subsequently lowered AGI's credit rating to D. Standard & Poor reported that they had taken this view because bondholders will be receiving less than par value for the notes and because of the company's highly leveraged financial profile, weak operating outlook, and limited liquidity given the near-term maturity of its senior credit facility. In May 2011, AGI announced that it was changing the company's name to Good Sam Enterprises.""
They failed to make a payment of millions to bondholders.
Sooo, Affinity/AGI 'changed' their company name to Good Sam.
""On August 15, 2009, AGI failed to make a $6.2 million interest payment to bondholders, and Standard & Poors subsequently lowered AGI's credit rating to D. Standard & Poor reported that they had taken this view because bondholders will be receiving less than par value for the notes and because of the company's highly leveraged financial profile, weak operating outlook, and limited liquidity given the near-term maturity of its senior credit facility. In May 2011, AGI announced that it was changing the company's name to Good Sam Enterprises.""
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