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Article: United states : Coachmen Industries Secures Financing, Contracts for New Major Construction Projects, and Sale of Surplus Facility.

Article from:
TendersInfo
Article date:
October 29, 2009
Copyright

Byline: shiv03

Coachmen Industries, Inc. announced today that it had completed a $20 million two-year financing arrangement with an affiliate of H.I.G. Capital, LLC for the working capital needs of the Company.

This culminates almost a year of effort to secure new financing for the

Company and puts to rest any lingering questions about our Company's financial stability. It enables us to proceed immediately on two pending major

construction projects. In addition, we can now resume making strategic

investments critical to our future," said President and Chief Executive

Officer Rick Lavers.

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