Fleetwood Enterprises Secures $75 Million Warehouse Line of Credit
05 Janeiro 2004 - 10:30AM
PR Newswire (US)
Fleetwood Enterprises Secures $75 Million Warehouse Line of Credit
HomeOne Subsidiary to Increase Financing to Its Manufactured
Housing Retail Customers RIVERSIDE, Calif., Jan. 5
/PRNewswire-FirstCall/ -- Fleetwood Enterprises, Inc. , the
nation's leader in recreational vehicle sales and a leading
producer and retailer of manufactured housing, announced today that
its HomeOne Credit Corp. subsidiary has secured a new $75 million
warehouse line of credit with Greenwich Capital Financial Products,
Inc. Through this facility, Greenwich will advance funding to
HomeOne based on the value of the manufactured housing loans that
HomeOne contributes into the facility. HomeOne offers loans to
customers of both Company-owned and selected independent
manufactured housing retail stores. Boyd R. Plowman, executive vice
president and chief financial officer of Fleetwood, said, "Closely
following the recent highly successful $100 million offering of our
5% convertible senior subordinated debentures, this new facility
with Greenwich Capital will provide further liquidity, and will
greatly enhance HomeOne's ability to provide financing solutions to
the retail customers of our Fleetwood Housing Group." This press
release contains certain forward-looking statements and information
based on the beliefs of Fleetwood's management as well as
assumptions made by, and information currently available to,
Fleetwood's management. Such statements reflect the current views
of Fleetwood with respect to future events and are subject to
certain risks, uncertainties, and assumptions, including risk
factors identified in Fleetwood's 10-K and other SEC filings. These
risk factors include, without limitation, the cyclical nature of
both the manufactured housing and recreational vehicle industries;
ongoing weakness in the manufactured housing market; the potential
impact on demand for our products as a result of changes in
consumer confidence levels; continued acceptance of the Company's
products; expenses and uncertainties associated with the
introduction and manufacturing of new products; the availability of
manufactured housing wholesale and retail financing in the future;
changes in retail inventory levels in the manufactured housing and
recreational vehicle industries; competitive pricing pressures; the
ability to attract and retain quality dealers, executive officers
and other personnel; and the ability to obtain the financing we
need in order to execute our business strategy. Actual results,
events and performance may differ materially. Readers are cautioned
not to place undue reliance on these forward-looking statements,
which speak only as of the date hereof. Fleetwood undertakes no
obligation to release publicly the result of any revisions to these
forward-looking statements that may be made to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events. Contact: Lyle Larkin, Vice President,
Treasurer, +1-909-351-3535, or Kathy A. Munson, Director-Investor
Relations, +1-909-351-3650, both of Fleetwood Enterprises, Inc.
DATASOURCE: Fleetwood Enterprises, Inc. CONTACT: Lyle Larkin, Vice
President, Treasurer, +1-909-351-3535, or Kathy A. Munson,
Director-Investor Relations, +1-909-351-3650, both of Fleetwood
Enterprises, Inc. Web site: http://www.fleetwood.com/
Copyright
Fleetwood Enterprise (NYSE:FLE)
Gráfico Histórico do Ativo
De Set 2024 até Out 2024
Fleetwood Enterprise (NYSE:FLE)
Gráfico Histórico do Ativo
De Out 2023 até Out 2024
Notícias em tempo-real sobre Fleetwood Enterprises da New York Stock Exchange bolsa de valores: 0 artigos recentes
Mais Notícias de Fleetwood Enterprise