---
schema_version: "secwatch.filing_event.v1"
accession: "0001772921-23-000077"
form_type: "8-K"
ticker: "ONEW"
cik: "0001772921"
company_name: "OneWater Marine Inc."
filed_at: "2023-11-17T23:59:59+00:00"
generated_at: "2026-06-08T00:18:49.184248+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# OneWater Marine enters $650M inventory financing facility with Wells Fargo

## Summary
- Facility provides up to $650M asset-based borrowing for inventory; secured by inventory, receivables, bank accounts.
- Interest rate: Adjusted 30-Day SOFR + 2.75%-5.00% (new boats) and +0.25% on that rate for pre-owned.
- Financial covenants include Funded Debt to EBITDA Ratio stepping down from 3.25x to 2.75x; Fixed Charge Coverage at 1.50x.
- Guaranteed by CEO P. Austin Singleton and President Anthony Aisquith; matures March 1, 2026.
- Replaces existing Seventh Amended and Restated Inventory Financing Agreement dated Dec 2021.

## SEC filing metadata
- accession: 0001772921-23-000077
- form_type: 8-K
- ticker: ONEW
- cik: 0001772921
- company_name: OneWater Marine Inc.
- filed_at: 2023-11-17T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1772921/000177292123000077/0001772921-23-000077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1772921/000177292123000077/onew-20231114.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001772921-23-000077
- JSON: https://secwatch.observer/filing/0001772921-23-000077.json
- Plain text: https://secwatch.observer/filing/0001772921-23-000077.txt

## Key facts
- Material Agreements
  OneWater Marine Inc. entered into Eighth Amended and Restated Inventory Financing Agreement with Wells Fargo Commercial Distribution Finance, LLC valued at $650.0 million (effective 2023-11-14).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Wells Fargo Commercial Distribution Finance, LLC
  - Value: $650.0 million
  - Effective: 2023-11-14
  source text: On November 14, 2023, OneWater Marine Inc., a Delaware corporation (the “Company”) and its subsidiaries entered into the Eighth Amended and Restated Inventory Financing Agreement (the “A&R Inventory Financing Facility”), with the dealers party thereto, Wells Fargo Commercial Distribution Finance, LLC, as agent (the “Agent”), and the Lenders party thereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1772921/000177292123000077/0001772921-23-000077-index.htm

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