Coach America

The Leonard Lopate Show

Recipe: From Keepers: Black Bean and Butternut Squash Enchiladas

Tuesday, February 25, 2014

Black beans and butternut squash wrapped in tortillas, smothered in a smoky tomato sauce and cheddar cheese and baked is a good choice for Meatless Mondays.

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Transportation Nation

Coach Bus Files Chapter 11

Tuesday, January 03, 2012

(photo by Port of San Diego via Flickr)

Coach America, which calls itself the nation's largest tour and charter bus operator and the second largest motorcoach service provider, has filed for Chapter 11 protection.

The president of Coach, George Maney, said in an emailed statement: "I want to emphasize that it is business as usual for Coach America throughout the Chapter 11 process." He said the company expects to continue normal operations as it restructures.

Fenway Partners, a private equity firm that also owns 1-800-CONTACTS, company, bought Coach America from Kohlberg Kravis Roberts in early 2007 in a deal valued at more than $400 million. Earlier this year credit ratings agency Moody's downgraded Coach's ratings and warned that the company might need to face restructuring. Although the company has a good business model, Moody's wrote, "it is in a cyclical industry currently under duress and continues to carry the onerous debt burden taken on in 2007 when the company was bought by its current equity sponsor."

Coach employees 6,000 people.

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