Fleetwood Enterprises may repurchase, exchange convertibles after amendment

By Jennifer Chiou

New York, May 11 - Fleetwood Enterprises, Inc. entered into an agreement and amendment for its credit agreement that allows it to initiate future transactions for its 6% convertible trust securities of Fleetwood Capital trust due 2028 or its 5% convertible debentures due 2012, according to an 8-K filing with the Securities and Exchange Commission.

Transactions may include repurchases for up to $50 million in cash, conversions with incentives or exchange offer.

The company noted that it does not intend to engage in any transaction at this time.

Fleetwood Enterprises is a Riverside, Calif., producer of recreational vehicles and manufactured homes.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.