FLE » Topics » Yes, Ill let Lyle address that for you, John.

This excerpt taken from the FLE 8-K filed Mar 10, 2005.

Yes, I’ll let Lyle address that for you, John.

 

Lyle Larkin   Fleetwood Enterprises, Inc. - VP & Treasurer

Generally, the cost in the way of fees for the amendment, which took effect today, is approximately $500,000. In addition to that, we’ll be locked into an interest rate that will be 50 basis points higher for the April quarter. And then we’ll revert back to charges based upon a calculation of the fixed charge coverage ratio, which we’ve been subject to previously. That makes our borrowing costs, was previously 5.75 percent, and presently would be about 6.25.

 

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