Pilot to Help Flying J Soar Away from Bankruptcy Troubles

 

Pilot Travel Centers LLC and Utah-based Flying J Inc. have agreed to a merger that will combine two of the country’s largest truck stop companies, the Associate Press reported.

 

According to a preliminary agreement announced Tuesday, Flying J’s 270 travel centers and Pilot’s more than 300 travel centers will join forces in a deal providing a “framework” for Flying J’s core travel plaza business to emerge from Chapter 11 bankruptcy protection.

 

Pilot plans to provide $100 million in financing to appease Flying J’s creditors, provided the transaction meets court approval. The combined company is expected to be headquartered at Pilot’s offices in Knoxville.

 

 

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