SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): December 30, 2003
FLEETWOOD ENTERPRISES, INC.
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(Exact Name of Registrant as Specified in its Charter)
Delaware 1-07699 95-1948322
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(State or Other (Commission File (IRS Employer
Jurisdiction of Number) Identification
Incorporation) Number)
3125 Myers Street, Riverside, California 92503-5527
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (909) 351-3500
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N/A
(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events.
As of December 30, 2003, HomeOne Credit Corp., a
subsidiary of Fleetwood Enterprises, Inc. (the "Registrant")
entered into a $75 million warehouse line of credit. On
January 5, 2004, the Registrant issued a press release
announcing the warehouse line. A copy of the press release is
filed herewith as Exhibit 99.1.
Item 7. Exhibits.
(c) Exhibits. The following exhibit is being furnished
herewith:
Exhibit Number Title
Exhibit 99.1 Press release of Fleetwood Enterprises, Inc.
dated January 5, 2004.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this current report to be
signed on its behalf by the undersigned hereunto duly authorized.
FLEETWOOD ENTERPRISES, INC.
Date: January 5, 2004 By: /s/ Leonard J. McGill
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Leonard J. McGill
Senior Vice President-
Corporate Finance,
Chief Governance Officer
Exhibit 99.1
FLEETWOOD ENTERPRISES SECURES $75 MILLION
WAREHOUSE LINE OF CREDIT
HomeOne Subsidiary to Increase Financing to Its Manufactured
Housing Retail Customers
Riverside, California, January 5, 2004 - Fleetwood Enterprises,
Inc. (NYSE: FLE), the nation's leader in recreational vehicle
sales and a leading producer and retailer of manufactured
housing, announced today that its HomeOne Credit Corp. subsidiary
has secured a new $75 million warehouse line of credit with
Greenwich Capital Financial Products, Inc. Through this facility,
Greenwich will advance funding to HomeOne based on the value of
the manufactured housing loans that HomeOne contributes into the
facility. HomeOne offers loans to customers of both Company-owned
and selected independent manufactured housing retail stores.
Boyd R. Plowman, executive vice president and chief financial
officer of Fleetwood, said, "Closely following the recent highly
successful $100 million offering of our 5% convertible senior
subordinated debentures, this new facility with Greenwich Capital
will provide further liquidity, and will greatly enhance
HomeOne's ability to provide financing solutions to the retail
customers of our Fleetwood Housing Group."
This press release contains certain forward-looking statements
and information based on the beliefs of Fleetwood's management as
well as assumptions made by, and information currently available
to, Fleetwood's management. Such statements reflect the current
views of Fleetwood with respect to future events and are subject
to certain risks, uncertainties, and assumptions, including risk
factors identified in Fleetwood's 10-K and other SEC filings.
These risk factors include, without limitation, the cyclical
nature of both the manufactured housing and recreational vehicle
industries; ongoing weakness in the manufactured housing market;
the potential impact on demand for our products as a result of
changes in consumer confidence levels; continued acceptance of
the Company's products; expenses and uncertainties associated
with the introduction and manufacturing of new products; the
availability of manufactured housing wholesale and retail
financing in the future; changes in retail inventory levels in
the manufactured housing and recreational vehicle industries;
competitive pricing pressures; the ability to attract and retain
quality dealers, executive officers and other personnel; and the
ability to obtain the financing we need in order to execute our
business strategy. Actual results, events and performance may
differ materially. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date hereof. Fleetwood undertakes no obligation to release
publicly the result of any revisions to these forward-looking
statements that may be made to reflect events or circumstances
after the date hereof or to reflect the occurrence of
unanticipated events.
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