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New Boardriders Financing Sparks Lawsuit

October 14, 2020

To help it navigate the pandemic, Boardriders received fresh capital that now has priority over all other debt. However, previous lenders that were not included in the new round are upset that the new debt has top-ranking collateral rights upon the old debt, totalling $450 million. The original lenders have now filed a lawsuit. Read more on Shop Eat Surf.