Camping World increases floor plan facility by $150M to $1.85B, expands used RV limit to 30%

Camping World Holdings, Inc.

Floor plan facility increased by $150M to $1.85B; accordion feature reset to allow up to $300M in future increases.
Maximum used RV inventory financing raised from 20% to 30% of total borrowings.
30-day waiver granted to join newly formed subsidiary CWRV Chelsea; post-closing compliance required within 30 days.
No funds drawn at closing; amendment includes administrative changes and reaffirmation of guarantees.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Camping World Holdings, Inc. amended Amendment No. 1 with Bank of America, N.A., as administrative agent, and the lenders party thereto valued at $150.0 million (effective 2023-07-18).

Action: amendment
Agreement: credit facility
Counterparty: Bank of America, N.A., as administrative agent, and the lenders party thereto
Value: $150.0 million
Effective: 2023-07-18

Exact text from the filing

On July 18, 2023, FreedomRoads, LLC (the “Floor Plan Borrower”), an indirect subsidiary of Camping World Holdings, Inc. (the “Company” or “our”), Bank of America, N.A., as administrative agent, and the lenders party thereto, entered into an Amendment No. 1 (the “Floor Plan Facility Amendment”) to the Eighth Amended and Restated Credit Agreement, dated September 30, 2021, by and between the Floor Plan Borrower, the Company, Bank of America, N.A., as administrative agent and letter of credit issuer, and JP Morgan Chase Bank, N.A., as syndication agent, and the other lenders party thereto, governing the Company’s floor plan credit facility (as amended, the “Floor Plan Facility”).

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Camping World Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-082753

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