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COBURG, Ore. - Recreational-vehicle maker Monaco Coach Corp. said Friday that it has secured funds for new debt financing programs that were delayed earlier in the week.
| MNC | 0.85 |  0.05 |
A day earlier, the company said it had not received financing from two loans worth $129.3 million that it had announced earlier in the week. Monaco Coach planned to use the loans to pay off and retire an existing credit facility.
The company said Friday it had resolved the issue and secured two loans worth a combined $119.3 million. A three-year loan and security agreement was reduced to $80 million from a previously announced $90 million. The second facility is a $39.3 million three-and-a-half-year secured term loan.
Shares of Monaco Coach Corp. rose a penny to close at $1.48.
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