Read the whole article for clarity, but here are some of the brands you'll recognize.
The companies filing for Chapter 11 are the following:
Renthal Americas, Tucker Rocky, Performance Machines (which includes Roland Sands Design), Vance & Hines, J&P Cycles, Velocity Holdings Company, Velocity Pooling Vehicle, DFR Acquisition, Ed Tucker Distributor, Kuryakyn, MAG Creative Group, MAGNET Force, Motorcycle Superstore, Motorcycle USA, Motorcycle Aftermarket Group, Mustang Motorcycle Products, Ralco Holdings, and Rally Holdings.
Chapter 11 filings give fairly large ranges of debt declaration once you get beyond the million dollar range, and there are several of MAG’s holdings filing in the $100 million to $500 million range.
However, taking the smallest amounts possible into account, the MAG companies are filing for a combined amount in excess of $872,650,000. This means that real figure is likely above the $1 billion mark.
By having these companies file for protection under Chapter 11, the new owners of MAG will be able to more rapidly turnaround the company’s overall business, and return to profitability.
https://www.asphaltandrubber.com/news/motorcycle-aftermarket-group-mag-chapter-11-refinance/