Lazydays Holdings, Inc., a leading retailer in the recreational vehicle (RV) space, has announced a series of liquidity-enhancing transactions expected to generate $14 million in cash and reduce non-floorplan debt by $15 million.
According to a press release, the moves are part of the company’s ongoing efforts to improve financial health and focus on core operational performance, while strategically offloading underperforming or non-essential assets.
The company disclosed on June 17, 2025, that it finalized amendments and waivers with its primary credit syndicate, led by M&T Bank, and with its mortgage lender, which is affiliated with Coliseum Capital Management.
These agreements will allow Lazydays to retain the proceeds from recent divestitures and significantly reduce its debt burden, improving both cash flow and interest expenses.
Among the divested assets are several dealership locations and associated real estate. The sales include a dealership in Mesa, Arizona (closed May 30), a dealership and property in Fort Pierce, Florida (closed June 6), a dealership in Longmont, Colorado (closed June 13), and a Las Vegas, Nevada dealership and property, expected to close later this week.
These transactions, according to Lazydays, are part of a broader initiative to streamline operations and reallocate resources toward strengthening its core business.
Ron Fleming, CEO of Lazydays, expressed optimism about the developments, stating, “We are pleased to have reached these agreements with our lenders, which collectively provide Lazydays with a meaningfully enhanced liquidity position and greater flexibility to advance our turnaround strategy.”
“As we continue to work towards building a more resilient Company, our focus remains on revitalizing our core dealership operations, while streamlining our footprint and reducing debt through the sale of non-core assets. We are thankful to our lenders for their ongoing support as we work to achieve these objectives,” he added.
The company was supported in these transactions by Stoel Rives LLP as legal counsel, and financial advisors from Miller Buckfire, a Stifel Company, and CR3 Partners.
Lazydays also noted that additional details on the credit agreement amendments and asset sales can be found in its recent filings with the U.S. Securities and Exchange Commission.
Lazydays, which has served RV customers since 1976, remains a well-known name in the industry, with a reputation for strong customer service and a robust selection of RV products and services.
Despite recent financial headwinds, the company’s leadership remains focused on a strategy of long-term stability and operational excellence.
These transactions mark a significant moment for Lazydays as it works to reshape its business and improve financial sustainability.
Reducing non-core assets while injecting liquidity into the business gives the company a better foundation to weather economic fluctuations and continue serving its loyal customer base.
For the RV industry as a whole, Lazydays’ actions underscore the importance of financial adaptability in a shifting economic environment.