secwatch.observer — SEC 8-K summary
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Issuer:     RideNow Group, Inc. (RDNW)
CIK:        0001596961
Form:       8-K
Filed at:   2024-01-04T23:59:59+00:00
Accession:  0001596961-24-000002
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1596961/000159696124000002/0001596961-24-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1596961/000159696124000002/rmbl-20231229.htm
  HTML page:      https://secwatch.observer/filing/0001596961-24-000002

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