Item 1.01. Entry into a Material Definitive Agreement.
On October 24, 2008, Champion Home Builders Co. ("Champion Homes"), a wholly-owned subsidiary of Champion Enterprises, Inc. (the "Company"), the Company and certain additional subsidiaries of the Company entered into a Fourth Amendment to Amended and Restated Credit Agreement (the "Fourth Amendment") with certain financial institutions and other parties thereto as lenders (the "Lenders") and Credit Suisse, Cayman Islands Branch ("Credit Suisse"), as Administrative Agent, which modifies the Amended and Restated Credit Agreement, dated as of April 7, 2006, as amended, among Champion Homes, the Company, the Lenders and Credit Suisse, as Administrative Agent (the "Credit Agreement"). The Fourth Amendment includes: (i) for the covered period beginning September 27, 2008 and ending January 2, 2010, amendments to the financial covenants to eliminate the maximum senior leverage ratio, minimum interest coverage ratio and minimum fixed charge ratio in lieu of new minimum quarter-end liquidity and minimum twelve-month EBITDA covenants; and (ii) a provision for the repayment of no less than $10 million of revolving loans and a prepayment of $23.5 million of term loans.
Other than the Credit Agreement, as amended, there are no material relationships between Credit Suisse or the Lenders and the Company or any of their respective affiliates, other than as follows: (i) the Company and its affiliates may have customary banking relationships with one or more of the Lenders and (ii) affiliates of Credit Suisse have in the past provided investment banking and investment banking-related services to the Company and certain of its subsidiaries, and these entities may continue to do so in the future.
The foregoing description of the Fourth Amendment is qualified in its entirety by reference to the full text of the Fourth Amendment, which is filed as Exhibit 10.1 hereto and is incorporated herein by reference. Item 9.01. Financial Statements and Exhibits.

(d) Exhibits. Number Description Exhibit 10.1 Fourth Amendment to Amended and Restated Credit Agreement

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