Coachmen Industries, Inc. (PINKSHEETS: COHM) has completed a $20 million two year financing arrangement with an affiliate of H.I.G. Capital. The financing will be used for working capital needs of the Company. Coachmen expects the transaction to free up millions of dollars in restricted cash currently pledged to support various letters of credit.
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About Coachmen Industries
Coachmen Industries, Inc. is one of America's premier systems-built construction companies under the ALL AMERICAN BUILDING SYSTEMS®, ALL AMERICAN HOMES® and MOD-U-KRAF® brands, as well as a manufacturer of specialty vehicles. Coachmen Industries, Inc. is a publicly held company with stock quoted and traded on the over-the-counter markets under the ticker COHM.PK.
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