---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-063662"
form_type: "8-K"
ticker: "RDNW"
cik: "0001596961"
company_name: "RideNow Group, Inc."
filed_at: "2026-09-28T13:00:47+00:00"
generated_at: "2026-10-12T13:32:47.707594+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# RideNow closes $220M senior secured term loan; refinances Oaktree debt, in talks for $50M Wells Fargo ABL

## Summary
- $220M senior secured term loan entered Sept 25, 2026 with Centerbridge affiliates and Alter Domus as agent; matures Sept 25, 2031, refinancing existing Oaktree term loan in full.
- Term loans pay Base Rate +7.375% or Adjusted Term SOFR (3.00% floor) +8.375%; 24-month non-call with make-whole plus 2.00% premium, then 2.00% until 36 months.
- Covenants: Consolidated First Lien Net Leverage Ratio max 4.80:1.00 from first full fiscal quarter after closing, stepping to 3.25:1.00 in Q2 2029; minimum liquidity $15M tested monthly.
- Amended/restated unsecured notes total $10.0M ($3,333,334 each) with SH Capital, Mark Tkach, Face Canyon; 13.0% interest (15.0% after maturity), PIK, mature Aug 31, 2028, subordinated.
- In advanced talks with Wells Fargo for $50M senior secured ABL revolver at Daily Simple SOFR +2.25%; no binding commitment; proceeds would refinance a portion of term loans and fund working capital.

## SEC filing metadata
- accession: 0001628280-26-063662
- form_type: 8-K
- ticker: RDNW
- cik: 0001596961
- company_name: RideNow Group, Inc.
- filed_at: 2026-09-28T13:00:47+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1596961/000162828026063662/0001628280-26-063662-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1596961/000162828026063662/rmbl-20260925.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-063662
- JSON: https://secwatch.observer/filing/0001628280-26-063662.json
- Plain text: https://secwatch.observer/filing/0001628280-26-063662.txt

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