Camping World Holdings, Inc. (NYSE: CWH) today announced plans to make a $300 million enhancement to its senior secured term loan. According to a release, the loan add-on will finance the acquisition and expansion of RV dealerships and service centers.
The conditions of the proposed incremental term loan are expected to be revealed after completing the transaction that is anticipated to take place later in the month.
The proposed transaction depends on the effectiveness of definitive documentation and customary closing conditions. It is also subject to market and other conditions.
Moreover, “there can be no assurance that the incremental term loan will occur, or, if it does, the terms of the incremental term loan,” the release concluded.
About Camping World Holdings, Inc.
Camping World Holdings, Inc., headquartered in Lincolnshire, IL, (together with its subsidiaries), is America’s largest retailer of RVs and related products and services. Our vision is to build a long-term legacy business that makes RVing fun and easy, and our Camping World and Good Sam brands have been serving RV consumers since 1966. We strive to build long-term value for our customers, employees, and shareholders by combining a unique and comprehensive assortment of RV products and services with a national network of RV dealerships, service centers and customer support centers along with the industry’s most extensive online presence and a highly trained and knowledgeable team of associates serving our customers, the RV lifestyle, and the communities in which we operate. We also believe that our Good Sam organization and family of programs and services uniquely enables us to connect with our customers as stewards of the RV enthusiast community and the RV lifestyle. With over 185 locations in 40 states, Camping World, and sister company Gander RV, have grown to become prime destinations for everything RV.
For more information, visit www.CampingWorld.com.
Isn’t it cool that Camping World is ramping up with a $300 million loan to grow their RV biz? It’s not just about more dealerships. they’re focusing on new tech and better customer experiences. Shows they’re serious about keeping us RV fans happy and well-served!