Tuesday, February 03, 2009
THOR INDUSTRIES LOANS MORE MONEY TO FREEDOMROADS AND CAMPINGWORLD
by Greg Gerber of RVINews
JACKSON CENTER, Ohio -- Thor Industries today announced that it had made the second of two $10 million loans to Steven Adams, the majority owner of FreedomRoads Holding Company, one of Thor's leading customers, and Camping World.
"This arrangement with FreedomRoads does not affect in any way the commitment we have with our existing dealer partners. Since our founding, we have been committed to doing business with the utmost integrity and fairness. For sure, there is no favoritism here. We will continue to treat all our dealers fairly. That will not change," said Wade F.B. Thompson, Thor chairman.
"All dealers can rely on us to not only provide the most competitive products but, importantly, the assurance that we will remain in business in these unprecedented times to support them, pay warranty claims, and stand behind our products," Thompson added.
Thor provided notice of the loan to the Securities Exchange Commission. To view a copy of the filing, click here.
SOURCE: Thor Industries press release
JACKSON CENTER, Ohio -- Thor Industries today announced that it had made the second of two $10 million loans to Steven Adams, the majority owner of FreedomRoads Holding Company, one of Thor's leading customers, and Camping World.
"This arrangement with FreedomRoads does not affect in any way the commitment we have with our existing dealer partners. Since our founding, we have been committed to doing business with the utmost integrity and fairness. For sure, there is no favoritism here. We will continue to treat all our dealers fairly. That will not change," said Wade F.B. Thompson, Thor chairman.
"All dealers can rely on us to not only provide the most competitive products but, importantly, the assurance that we will remain in business in these unprecedented times to support them, pay warranty claims, and stand behind our products," Thompson added.
Thor provided notice of the loan to the Securities Exchange Commission. To view a copy of the filing, click here.
SOURCE: Thor Industries press release
