webmaster shared a video in Big Wheel Baggers group. 6 months ago

Azzkikr Custom Baggers Cadillac Custom Motorcycle Build Daytona Bike Week 2015

Azzkikr Custom Baggers Cadillac Custom...

Azzkikr Custom Baggers will be at Riverfront Park at Daytona Bike Week 2015. The Custom build that you see in this video is the cadillac bike. http://azzkikr...

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webmaster added a photo to Stream Photos album in Big Wheel Baggers group 6 months ago

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MAG Files for Chapter 11

MAG Files for Chapter 11 The Motorcycle Aftermarket Group (MAG) is not a name that motorcycle enthusiasts are usually familiar with, but the family of brands that the company owns certainly is: Performance Machine wheels, Roland Sands Design, Renthal handlebars, Vance & Hines exhausts, Tucker Rocky, J&P Cycles, etc. The network of brands has been struggling over the recent years though, and today we learn that many of them will be filing for Chapter 11 bankruptcy, while the overarching MAG Group business restructures its debt and finds new ownership. While this is not the sexiest news story to happen in the motorcycle industry this year, it is certainly one of the most important and complicated. As such, we will try to break it down in a digestible way for you. Debt and the New Owners of MAG The first thing to understand is that MAG itself as company has acquired a massive amount of debt, approximately $440 million, and through the process that we are about to explain, MAG hopes to eliminate close to $300 million of debt off its books. Editor’s note: while it is known colloquially as MAG or the MAG Group, Velocity Holding Company is in fact the parent company for this house of brands and the Tucker Rocky distribution business. MAG is eliminating $300 million of its debt burden by what is called a debt-for-equity swap. This basically means that the lenders that MAG owes money to will take an equity position in MAG. This also means that they are getting stock in MAG, and are...

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