Lazydays Holdings, Inc.: debt financing — Lazydays completes asset sale, files dissolution; stockholders face complete loss

Lazydays Holdings, Inc.

Final APA closing Nov 26 for $88.1M; $86M repaid credit facility, $2.1M expenses, $0 to company.
Nov 28 entered general assignment for benefit of creditors to Lazy Liquidation; all assets transferred.
Certificate of dissolution filed with Delaware, effective Nov 28 at 5:30pm ET; stock transfer books closed.
All directors and officers resigned; remaining employees terminated; stock delisted from Nasdaq Nov 28.

item 1.01 item 2.01 item 1.03 item 2.04 item 3.03 item 5.02 item 8.01 item 9.01

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

Lazydays Holdings, Inc. faced acceleration on credit facility.

Instrument: credit facility
Event: acceleration

Exact text from the filing

the Company’s execution of the General Assignment, completion of the Assignment and the effectiveness of the Certificate of Dissolution (as defined below) each constituted an immediate event of default under the Credit Agreement. As a result, all outstanding obligations under the Credit Agreement and related loan documents are immediately due and payable.

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Source: SEC EDGAR

accession 0001493152-25-025447

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