Monaco Coach gets amended and restated $105 million revolver

By Sara Rosenberg

New York, Nov. 22 - Monaco Coach Corp. closed on an amended and restated $105 million revolving credit facility due Nov. 17, 2009 that can be increased to $130 million, subject to additional commitments, according to an 8-K filed with the Securities and Exchange Commission Monday.

U.S. Bank is the administrative agent and Bank of America is the syndication agent.

Borrowings are available for working capital, to retire existing term debt, for the issuance of commercial and standby letters of credit and for other general corporate purposes.

Security is substantially all company assets, the filing said.

The loan closed Nov. 17.

Monaco Coach is a Coburg, Ore.-based manufacturer of recreational vehicles.

© 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.