Hoonigan Files For Bankruptcy With $1.2 Billion In Debt
The company is hoping to secure nearly $600 million in new funding.
Hoonigan, one of the biggest automotive brands to emerge in the 2010s, has filed for chapter 11 bankruptcy in Delaware.
In the filing, it’s revealed that the company is $1.2 billion in debt. Through the restructuring, the company hopes to come out of chapter 11 and secure $570 million in new funding. Vance Johnston, CEO of Hoonigan, called the bankruptcy an important step for the company …
https://jalopnik.com/hoonigan-files-for-bankruptcy-with-1-2-billion-in-debt-1851643671
(photo credit: Hoonigan Racing)
