UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
__________________
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
The
Securities Exchange Act of 1934
Date of
Report (Date of earliest event reported):
January
13, 2009
__________________
MONACO
COACH CORPORATION
(Exact
name of registrant as specified in its charter)
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Delaware
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1-14725
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35-1880244
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer
Identification
No.)
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91320
Industrial Way
Coburg,
Oregon 97408
(Address
of principal executive offices, including zip code)
(541)
686-8011
(Registrant’s
telephone number, including area code)
Not
Applicable
(Former
name or former address, if changed since last report)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
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[ ]
Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
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[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Item 1.01 Entry into a Material
Definitive Agreement.
On
January 13, 2009, Monaco Coach Corporation (the “Company”) and its subsidiaries
entered into a waiver and consent (the “Waiver”) with Ableco Finance LLC, a
Delaware limited liability company, and certain lenders under that certain
financing agreement dated November 6, 2008 (the “Term Loan Agreement”), by and
among the Company and certain of its subsidiaries as borrowers, and certain
other subsidiaries, as guarantors, certain financial institutions as lenders and
Ableco Finance LLC, as the collateral agent and administrative agent
for the lenders.
Pursuant
to the Waiver, Ableco Finance LLC and certain lenders under the Term Loan
Agreement consented to and waived events of default that arose under the Term
Loan Agreement by reason of (i) the Company’s failure to maintain the required
minimum amount of cash and availability under the Company’s working capital loan
facility for the month of December 2008 and (ii) the Company’s contemplated
disposition of certain property other than as provided for in the Term Loan
Agreement. The Company has met the conditions to the effectiveness of
the Waiver.
The
summary description of the Waiver set forth above does not purport to be
complete and is qualified in its entirety by reference to the full text of the
Waiver by and among the Company and certain subsidiaries, each of the lenders,
and Ableco Finance LLC, as the collateral and administrative agent, dated as of
January 13, 2009, which is filed as Exhibit 10.1 to this Current Report on
Form 8-K and incorporated herein by reference.
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Item
9.01.
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Financial
Statements and Exhibits
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10.1
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Waiver
and Consent, dated as of January 13, 2009, by and among Monaco Coach
Corporation and its subsidiaries, certain lenders party thereto and Ableco
Finance LLC., as collateral agent and administrative
agent.
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this Report to be signed on its behalf by the undersigned hereunto
duly authorized.
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MONACO
COACH CORPORATION
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Date: January
20, 2009
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/s/ P.
Martin Daley
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P.
Martin Daley
Vice
President and Chief Financial
Officer
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INDEX
TO EXHIBITS
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10.1
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Waiver
and Consent, dated as of January 13, 2009, by and among Monaco Coach
Corporation and its subsidiaries, certain lenders party thereto and Ableco
Finance LLC., as collateral agent and administrative
agent.
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