Skyline Champion to invest C$185M in ECN Capital for ~19.9% stake; to form captive financeco

Champion Homes, Inc.

Skyline Champion (SKY) invests ~C$185M (US$138M) in ECN Capital via 33.55M common shares and 27.45M convertible preferred shares at C$3.04/share.
Investment represents ~19.9% beneficial ownership (assuming conversion), with a 4% cumulative cash dividend on preferred shares.
Formation of a captive finance company (51% owned by SKY, 49% by ECN subsidiary Triad) to offer retail finance and floorplan programs for SKY customers.
Closing expected September 2023, subject to TSX conditional approval and HSR waiting period; shares subject to 2-year lock-up.
Mark Yost (SKY CEO) to be appointed to ECN Capital's board; Investor Rights Agreement includes nomination rights and standstill.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.