Fleetwood amends loan, changing EBITDA covenant

By Sara Rosenberg

New York, Nov. 2 - Fleetwood Enterprises Inc. amended its credit facility, changing the EBITDA covenant to incorporate recent operating results and eliminating the covenant unless the company fails to meet a specified liquidity test, according to an 8-K filed with the Securities and Exchange Commission Thursday.

In recent months, the company's liquidity has been comfortably in excess of the required minimum threshold.

Bank of America is the administrative agent on the deal.

The amendment was completed on Nov. 1.

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

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