---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-050365"
form_type: "8-K"
ticker: "SKY"
cik: "0000090896"
company_name: "Champion Homes, Inc."
filed_at: "2023-09-28T23:59:59+00:00"
generated_at: "2026-06-10T07:59:38.493052+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Skyline Champion invests C$185M in ECN Capital for 19.9% stake, forms captive finance JV

## Summary
- Invested C$185M (US$138M) for 33.55M common shares and 27.45M convertible preferred at C$3.04/share.
- Owns ~19.9% of ECN Capital on a partially diluted basis; convertible preferred pay 4.0% cumulative dividend.
- Tawn Kelley appointed to ECN Capital's board and Credit & Risk Committee.
- Formed Champion Financing LLC (51% Skyline, 49% ECN/Triad) to offer retail loans and floorplan financing.
- Net proceeds from investment will reduce ECN Capital's debt and for general corporate purposes.

## SEC filing metadata
- accession: 0000950170-23-050365
- form_type: 8-K
- ticker: SKY
- cik: 0000090896
- company_name: Champion Homes, Inc.
- filed_at: 2023-09-28T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/90896/000095017023050365/0000950170-23-050365-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/90896/000095017023050365/sky-20230926.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-050365
- JSON: https://secwatch.observer/filing/0000950170-23-050365.json
- Plain text: https://secwatch.observer/filing/0000950170-23-050365.txt

## Key facts
- M&A Transactions
  Champion Homes, Inc. completed an acquisition involving ECN Capital Corp. for approximately C$185 million (US$ 138 million) equity investment (closed 2023-09-26).
  - Action: acquisition
  - Counterparty: ECN Capital Corp.
  - Consideration: approximately C$185 million (US$ 138 million) equity investment
  - Closing: 2023-09-26
  source text: mber 26, 2023 (the “Closing Date”) of the transactions contemplated by that certain Share Subscription Agreement, dated August 14, 2023 (the “Subscription Agreement”), by and among Skyline Champion Corporation, an Indiana corporation (“Skyline Champion”), and ECN Capital Corp., a corporation existing under the laws of the Province of Ontario (“ECN Capital”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/90896/000095017023050365/0000950170-23-050365-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.