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Reynolds Aids Champion
HUNTINGTON, WV—Marshall Reynolds, CEO of Champion Industries, has lent a hand to his troubled company courtesy of a $3 million loan, according to the Charleston (WV) Gazette. The loan provided Champion with added time to amend a credit agreement that the company defaulted on early in 2009. Absent the loan, Champion could have been forced to immediately repay debts that totaled more than $65 million last November.
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