debt
confidence high
sentiment neutral
materiality 0.70
Camping World increases floor plan facility to $2.15B, extends maturity to 2030
Camping World Holdings, Inc.
- Floor plan facility raised from $1.85B to $2.15B; includes $300M accordion feature in $50M increments.
- Letter of credit subfacility increased to $45M from $30M; revolving credit line remains at $70M.
- Maturity extended to February 18, 2030 from September 30, 2026, conditional on term loan status.
- Facility finances up to 100% of new RV inventory and used RV inventory per NADA guide.
- Interest on floor plan notes: SOFR + 0.11% plus margin of 1.90%-2.50% based on consolidated current ratio.