COBURG, OR--(MARKET WIRE)--Nov 7, 2008 -- Monaco Coach Corporation (NYSE:MNC - News), one of the nation's leading manufacturers of recreational vehicles, announced today that the new credit facilities it had previously announced it was negotiating have now closed and been funded. The first of these facilities is a three-year $80 million revolving working capital loan and security agreement with several financial institutions and Bank of America, N.A., as agent for the lenders. This facility was reduced from the previously announced level of $90 million to $80 million. The second facility is a secured financing agreement with Ableco Finance, LLC for a $39.3 million 3.5-year secured term loan. The term loan proceeds and an initial draw on the new revolving loan of $37.4 million were used to pay off the existing revolving line of credit and term loan, as well as for general corporate purposes.

About Monaco Coach Corporation

Monaco Coach Corporation, a leading national manufacturer of motorized and towable recreational vehicles, is ranked as the number one producer of diesel-powered motorhomes. Dedicated to quality and service, Monaco Coach is a leader in innovative RVs designed to meet the needs of a broad range of customers with varied interests and offers products that appeal to RVers across generations.

Headquartered in Coburg, Oregon, with manufacturing facilities in Indiana, the Company offers a variety of RVs, from entry-level priced towables to custom-made luxury models under the Monaco, Holiday Rambler, Safari, Beaver, McKenzie, and RVision brand names. The Company maintains RV service centers in Harrisburg, Oregon and Wildwood, Florida and operates motorhome-only resorts in California, Florida, Nevada and Michigan.

Monaco Coach Corporation trades on the New York Stock Exchange under the symbol "MNC," and the Company is included in the S&P Small-Cap 600 stock index. For additional information about Monaco Coach Corporation, please visit www.monaco-online.com or www.trail-lite.com.

     CONTACT:
     Craig Wanichek
     Director of Investor Relations
     Monaco Coach Corporation
     (541) 681-8029
     Email Contact