Camping World Holdings announced that it has entered into an amended and restated floorplan credit agreement dated Feb. 18 (the RV Inventory Floorplan Facility).
The RV Inventory Floorplan Facility provides additional financial and operational flexibility for the company’s growth strategy by increasing the committed borrowing capacity by $300 million, to an aggregate amount of $2.15 billion, and resetting the accordion feature that provides the company up to an additional $300 million for further growth.
Camping World Chairman and CEO Marcus Lemonis commented, “Today’s agreement demonstrates the confidence that our lenders have in Camping World’s recent performance, fortified balance sheet and rigorous inventory management. For over twenty years, led by Bank of America and J.P. Morgan, this facility has allowed us to build our company into what it is today, providing us with greater runway for future dealership growth and additional capacity to expand relationships with leading OEM partners, including THOR, Forest River and Winnebago.”
