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October 29, 2009

Coachmen post 3Q loss, secures $20 million financing deal

ELKHART - Officials at Elkhart-based Coachmen Industries Inc. are reporting a net loss for the third quarter of $3.9 million, compared to a loss of $14.5 million for the same period last year.

The company says it has not seen evidence of a housing market rebound this year.

Coachmen officials have also secured a new $20 million financing arrangement and $16 million in new major housing projects.

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