debt
confidence high
sentiment neutral
materiality 0.55
RideNow Group expands Polaris floorplan credit facility by ~$33.3M to $108.0M
RideNow Group, Inc.
- Polaris Acceptance increased credit commitment from $74.7M to $108.0M for RideNow dealer subsidiaries.
- Increase contingent on joinder of two additional dealer entities, guaranty amendments, and insurance certificates.
- Obligations secured by first-priority security interest on all personal property of each dealer; dealers jointly and severally liable.
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