Fleetwood to repay some term loan borrowings with asset sale proceeds

By Sara Rosenberg

New York, May 16 - Fleetwood Enterprises, Inc. plans to use roughly $3.7 million of the proceeds from the sale of Fleetwood Folding Trailers, Inc. to partially prepay term loan debt, according to an 8-K filed with the Securities and Exchange Commission Friday.

The sale of Folding Trailers was completed on May 12.

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

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