Motorsport Aftermarket Group, Parent Company of J&P Cycles, Implements Debt Recapitalization.

On November 15, 2017 Motorsport Aftermarket Group, the parent company of J&P Cycles, announced it is implementing a comprehensive debt recapitalization to eliminate debt through a debt for equity exchange. To implement the recapitalization, the Company and certain of its affiliates have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the District of Delaware. The Company expects to move through the process within 90 days and emerge stronger and more viable and competitive. Monomoy Capital Partners, Blue Mountain Capital and Contrarian Partners will lead the new owners group.
Other American companies like American Airlines, Macy’s and Samsonite have implemented a similar process and are thriving today.

No changes in J&P Cycles service will result from this action.

• No stores closing. No layoffs. J&P Cycles retail stores in Daytona FLA, Anamosa, IA and Sturgis, SD are open for business.

• J&P Cycles call center and website are open. In fact, J&P Cycles just announced expanded hours of customer service and tech support to 7 days week and 361 days a year.

• J&P Cycles still has the best selection for riders. 600 brands and 100,000 products, most ready to ship immediately from distribution centers across the U.S. In fact, J&P Cycles is now shipping from their Louisville, KY warehouse 7-Days a week through the holidays.

• J&P Cycles Gift Cards, Gold Club membership benefits remain unchanged as does our Best-In-Industry 120-day no-hassle return policy.

We are committed to being open and honest with our customers and fellow riders. If you have any questions about your current or future order with J&P Cycles please call us at 800-397-4844 7-days week.

By |2017-11-22T10:03:02+00:00November 21st, 2017|Categories: Announcements|Comments Off on Motorsport Aftermarket Group, Parent Company of J&P Cycles, Implements Debt Recapitalization.

About the Author: