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Fleetwood to repay some 5% convertibles with stock offering proceeds
By Angela McDaniels
Tacoma, Wash., June 19 - Fleetwood Enterprises, Inc. said it plans to repay a portion of its $100 million 5% convertible senior subordinated notes due 2023 with proceeds from an upcoming offering of common stock.
The notes become callable and putable in December.
The company plans to sell 12 million shares sometime in June, according to a 424B5 filing with the Securities and Exchange Commission. Remaining proceeds will be used for general corporate purposes.
Fleetwood is a Riverside, Calif.-based producer of recreational vehicles and manufactured housing.
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