Lazy Days RV Center Misses Interest Payment

Lazy Days RV Center Inc., a portfolio company of Bruckmann, Rosser, Sherrill & Co., has skipped an $8.1 million interest payment to holders of its 11.75% senior unsecured notes due 2012. The move prompted credit ratings downgrades from both S&P and Moody’s. Lazy Days said that it has a 30-day grace period before falling into default, and that it plans to negotiate with its lenders.