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Article: Fleetwood Announces Plans for Exchange Offer for Convertible Debentures.
- Article from:
- Investment Weekly News
- Article date:
- November 8, 2008
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Fleetwood Enterprises, Inc. (NYSE:FLE) announced its intention to make an exchange offer for its $100 million principal amount of 5% Convertible Senior Subordinated Debentures due 2023. Holders of the existing debentures currently have the right to put them to Fleetwood at par on December 15, 2008. Fleetwood intends to file a registration statement, a tender offer statement, and other related documents with the Securities and Exchange Commission (SEC) in connection with its proposed offer to exchange new senior secured notes and shares of its common stock for the outstanding debentures. Fleetwood continues to hold discussions with certain holders of debentures and also ...