---
schema_version: "secwatch.filing_event.v1"
accession: "0001596961-24-000002"
form_type: "8-K"
ticker: "RDNW"
cik: "0001596961"
company_name: "RideNow Group, Inc."
filed_at: "2024-01-04T23:59:59+00:00"
generated_at: "2026-06-07T03:57:52.271506+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# RumbleOn sells $17M finance receivable portfolio; uses net proceeds to reduce Oaktree debt

## Summary
- Sold portfolio of retail installment sales contracts and vehicle loans to Clear Haven 2021 Trust for aggregate $17 million.
- Net cash proceeds of approximately $3 million after satisfying secured indebtedness, expenses, commissions, and fees.
- Proceeds plus available cash collections and formerly restricted cash used to reduce outstanding debt under Oaktree Term Loan Credit Agreement.

## SEC filing metadata
- accession: 0001596961-24-000002
- form_type: 8-K
- ticker: RDNW
- cik: 0001596961
- company_name: RideNow Group, Inc.
- filed_at: 2024-01-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1596961/000159696124000002/0001596961-24-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1596961/000159696124000002/rmbl-20231229.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001596961-24-000002
- JSON: https://secwatch.observer/filing/0001596961-24-000002.json
- Plain text: https://secwatch.observer/filing/0001596961-24-000002.txt

## Key facts
- Material Agreements
  RideNow Group, Inc. entered into Purchase Agreement with Clear Haven 2021 Trust valued at aggregate purchase price of $17.0 million (effective 2023-12-29).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Clear Haven 2021 Trust
  - Value: aggregate purchase price of $17.0 million
  - Effective: 2023-12-29
  source text: On December 29, 2023, RumbleOn, Inc. (the “Company”) entered into a Purchase Agreement (the “Purchase Agreement”) by and among the Company, its subsidiaries RumbleOn Finance, LLC and ROF SPV I, LLC (together, the “Subsidiaries”) and Clear Haven 2021 Trust, a Delaware statutory trust (“Buyer”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1596961/000159696124000002/0001596961-24-000002-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.