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Fleetwood ends search for financing, to operate on cash reserves

(April 30, 2009) -- In court filings, Fleetwood said the financing plan with Bank of America, which took weeks to craft before the judge approved it temporarily, included "unrealistic" financial and time constraints and cost too much to implement. The filing mentioned a $2.4 million fee that it has already paid Bank of America for crafting the plan.

(April 30, 2009) — In court filings, Fleetwood said the financing plan with Bank of America, which took weeks to craft before the judge approved it temporarily, included “unrealistic” financial and time constraints and cost too much to implement. The filing mentioned a $2.4 million fee that it has already paid Bank of America for crafting the plan.

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About Greg Gerber

Greg Gerber is a freelance writer and podcaster who has been writing about the RV industry since 2000. He is the former editor of RV Daily Report and can be reached at greg@rvdailyreport.com.

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