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Article: Coachmen Industries Secures Financing, Contracts for New Major Construction Projects, and Sale of Surplus Facility.
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
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Coachmen Industries, Inc. (Pink Sheets: COHM.PK) announced 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.
"While the capital itself provides us with increased financial ...