Champion Industries Defaults on Debt

Champion Industries is working with investment banking firm Raymond James & Associates Inc. "to assist it with a restructuring or refinancing of the existing debt and other potential transaction alternatives," it said in filings with the Securities and Exchange Commission. The company is also working with its chief restructuring adviser at RAS Management Advisors LLC, SEC filings said.

Champion Industries, which manufactures business forms, office products and office furniture in regional markets in the United States, is in talks with its lenders regarding the default and the restructuring or refinancing of its debt.