Fleetwood Enterprises gets OK to continue operations

Fleetwood Enterprises announced it has received approval from U.S. Bankruptcy Court to support continued operation of its motorhome and manufacturing housing businesses.

Fleetwood received authorization through an interim order to obtain up to $80 million in debtor-in-possession financing to supplement the company's working capital needs.

The company also announced that its requests to pay pre-petition dealer and retailer sales incentives and warranty service claims for Fleetwood motorhomes and manufactured homes were approved. Under Chapter 11, Fleetwood is permitted to continue to pay for approved post-petition warranty service and to pay for some sales incentives.