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Re: DesignLine is seeking $3 Million loan in order to fund NJ Transit order

Posted by RailBus63 on Thu Aug 29 09:56:21 2013, in response to DesignLine is seeking $3 Million loan in order to fund NJ Transit order, posted by Gold_12th on Thu Aug 29 00:45:12 2013.

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The North Carolina-based company intends to use the funds to help it put together either a going-concern sale of the business or a liquidation as it tries to dig itself out of about $40 million in debt

Does the full article indicate that NJT will get its buses eitherway, or could DesignLine potentially close down without fulfilling the order?

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