Friday, June 20, 2008
FLEETWOOD WANTS TO RAISE SOME CASH
RV Business
Thursday, June 19, 2008
Fleetwood Enterprises Inc. announced today (June 19) that it intends to commence an underwritten public offering of 12 million shares of its common stock.
The Riverside, Calif.-based company expects to grant the underwriter a 30-day option to purchase up to 1.8 million additional shares of common stock from Fleetwood.
Fleetwood said it expects to use the net proceeds from the offering to repay a portion of its 5% senior secured convertible debentures outstanding and for general corporate purposes.
Fleetwood said Lehman Brothers is the sole underwriter for the offering.
Thursday, June 19, 2008
Fleetwood Enterprises Inc. announced today (June 19) that it intends to commence an underwritten public offering of 12 million shares of its common stock.
The Riverside, Calif.-based company expects to grant the underwriter a 30-day option to purchase up to 1.8 million additional shares of common stock from Fleetwood.
Fleetwood said it expects to use the net proceeds from the offering to repay a portion of its 5% senior secured convertible debentures outstanding and for general corporate purposes.
Fleetwood said Lehman Brothers is the sole underwriter for the offering.
