secwatch.observer — SEC 8-K summary
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Issuer:     Champion Homes, Inc. (SKY)
CIK:        0000090896
Form:       8-K
Filed at:   2023-09-28T23:59:59+00:00
Accession:  0000950170-23-050365
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/90896/000095017023050365/0000950170-23-050365-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/90896/000095017023050365/sky-20230926.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-050365

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