In light of its rapid acquisition of dealerships, Camping World Holdings has entered into a first amendment to its existing floor plan credit agreement dated Sept. 30, 2021.
The RV Inventory Floor Plan Facility Amendment provides additional financial and operational flexibility for the company’s growth strategy by increasing the committed borrowing capacity by $150 million, to an aggregate amount of $1.85 billion and resetting the accordion feature to allow the company the option to increase the principal amount available in $50 million increments up to a maximum amount of $300 million.
“The RV Inventory Floor Plan Facility Amendment demonstrates our lenders’ confidence in Camping World and our strategic direction as we work toward our goal of increasing our store count by 50% over the next five years,” said Camping World Chairman and CEO Marcus Lemonis. “This amendment provides incremental inventory borrowing capacity to support the future growth of our manufacturer-exclusive concept, dedicated to the industry’s leading OEM brands, including Keystone, Jayco, Forest River, Grand Design, Winnebago, Coachmen, and Alliance, among others.”