UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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): July 6, 2005 FLEETWOOD ENTERPRISES, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 1-7699 95-1948322 (State or Other (Commission File (IRS Employer Jurisdiction of Number) Identification Incorporation) Number) 3125 Myers Street, Riverside, California 92503-5527 (Address of Principal Executive Offices) Registrant's telephone number, including area code: (951) 351-3500 Not Applicable (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions: __ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) __ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) __ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) __ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 1.01. Entry into a Material Definitive Agreement. As of July 6, 2005, Fleetwood Enterprises, Inc.'s financial services subsidiary, HomeOne Credit Corp., entered into an amendment to its $75 million warehouse line of credit with Greenwich Capital Financial Products, Inc. Pursuant to the amendment, and in anticipation of HomeOne's previously announced intention to sell its loan portfolio, Greenwich and HomeOne agreed to terminate HomeOne's right to request advances under the warehouse line after August 15, 2005. In connection with the amendment, Fleetwood continues to guarantee HomeOne's obligations in an amount up to $10 million. Pursuant to a letter agreement dated as of July 6, 1005, a tangible net worth covenant in the guaranty was reset to reduce the consolidated tangible net worth requirement for Fleetwood to (i) $10,000,000 plus (ii) 50% of positive net income. In anticipation of the termination of the line of credit upon the sale of the loan portfolio, Fleetwood committed to pay Greenwich the amount of the termination fee of $750,000 on or before August 15, 2005. All other terms and conditions of the warehouse line of credit and guaranty remain the same. As of July 8, 2005, outstanding borrowings under the line of credit were approximately $44,592,388.25. Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. See Item 1.01 above. Item 9.01 Financial Statements and Exhibits. (a) Inapplicable. (b) Inapplicable. (c) Exhibits. 99.1 Amendment Number Five dated as of July 6, 2005 to the Master Loan and Security Agreement dated as of December 30, 2003 between HomeOne Funding I and Greenwich Capital Financial Products, Inc. 99.2 Letter Agreement dated as of July 6, 2005 to the Guaranty dated as of December 30, 2003, made by Fleetwood Enterprises, Inc. in favor of Greenwich Capital Financial Products, Inc. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: July 11, 2005 FLEETWOOD ENTERPRISES, INC. By: /s/ Leonard J. McGill -------------------------- Leonard J. McGill Senior Vice President, General Counsel & Secretary Index to Exhibits 99.1 Amendment Number Five dated as of July 6, 2005 to the Master Loan and Security Agreement dated as of December 30, 2003 between HomeOne Funding I and Greenwich Capital Financial Products, Inc. 99.2 Letter Agreement dated as of July 6, 2005 to the Guaranty dated as of December 30, 2003, made by Fleetwood Enterprises, Inc. in favor of Greenwich Capital Financial Products, Inc.