secwatch / observer
8-K filed July 17, 2023, 7:59 PM ET ticker HZO CIK 0001057060
debt confidence high sentiment neutral materiality 0.45

MARINEMAX INC (HZO): debt financing — MarineMax increases floor plan credit facility by $200M to $950M

MARINEMAX INC

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

MARINEMAX INC amended revolving credit of $950,000,000 total floor plan facility commitment with Manufacturers and Traders Trust Company (Administrative Agent) and Wells Fargo Commercial Distribution Finance, LLC (Floor Plan Agent) at Same terms as existing Credit Agreement maturing Not specified.

Instrument
revolving credit
Principal
$950,000,000 total floor plan facility commitment
Counterparty
Manufacturers and Traders Trust Company (Administrative Agent) and Wells Fargo Commercial Distribution Finance, LLC (Floor Plan Agent)
Rate
Same terms as existing Credit Agreement
Maturity
Not specified
Event
amendment
Exact text from the filing
On July 12, 2023, MarineMax, Inc. (the “Company”) and its subsidiaries, pursuant to an accordion feature in the Credit Agreement, entered into the Second Amendment to Credit Agreement, Incremental Amendment and Floor Plan Increase (the “Amendment”) with each of the Lenders (as defined in the Amendment), Manufacturers and Traders Trust Company (the “Administrative Agent”) and Wells Fargo Commercial Distribution Finance, LLC (the “Floor Plan Agent”) modifying the Credit Agreement, dated August 8, 2022 (as amended, restated, supplemented or otherwise modified prior to the entry into the Amendment, the “Credit Agreement”), by and among the Company and its subsidiaries, the Lenders, the Administrative Agent and the Floor Plan Agent to increase the Company’s floor plan facility under the Credit Agreement. The Amendment increased the floor plan facility as part of an accordian feature under the Credit Agreement by $200,000,000 to a total of $950,000,000.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MARINEMAX INC amended Second Amendment to Credit Agreement, Incremental Amendment and Floor Plan Increase with each of the Lenders, Manufacturers and Traders Trust Company (Administrative Agent), and Wells Fargo Commercial Distribution Finance, LLC (Floor Plan Agent) valued at $200,000,000 (effective 2023-07-12).

Action
amendment
Agreement
credit facility
Counterparty
each of the Lenders, Manufacturers and Traders Trust Company (Administrative Agent), and Wells Fargo Commercial Distribution Finance, LLC (Floor Plan Agent)
Value
$200,000,000
Effective
2023-07-12
Exact text from the filing
On July 12, 2023, MarineMax, Inc. (the “Company”) and its subsidiaries, pursuant to an accordion feature in the Credit Agreement, entered into the Second Amendment to Credit Agreement, Incremental Amendment and Floor Plan Increase (the “Amendment”) with each of the Lenders (as defined in the Amendment), Manufacturers and Traders Trust Company (the “Administrative Agent”) and Wells Fargo Commercial Distribution Finance, LLC (the “Floor Plan Agent”) modifying the Credit Agreement, dated August 8, 2022 (as amended, restated, supplemented or otherwise modified prior to the entry into the Amendment, the “Credit Agreement”), by and among the Company and its subsidiaries, the Lenders, the Administrative Agent and the Floor Plan Agent to increase the Company’s floor plan facility under the Credit Agreement. The Amendment increased the floor plan facility as part of an accordian feature under the Credit Agreement by $200,000,000 to a total of $950,000,000.
View on SEC.gov

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MARINEMAX INC filing history →

Source: SEC EDGAR
accession 0000950170-23-033200
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