Fleetwood amends loan, waiving part of liquidity test

By Sara Rosenberg

New York, Oct. 27 - Fleetwood Enterprises Inc. amended its credit facility, waiving the average daily availability component of the minimum liquidity test, according to an 8-K filed with the Securities and Exchange Commission Monday.

In exchange, the company agreed to pay down the outstanding amounts on its term loan.

The amendment was completed on Oct. 21.

Bank of America is the agent on the deal.

Fleetwood is a Riverside, Calif.-based producer and distributor of recreational vehicles and manufactured housing.

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