Champion Industries Gets $3M Loan from CEO

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