Camping World Extends Credit Agreement Maturity to 2028 – RVBusiness – Breaking RV Industry News
Camping World Holdings Inc. (NYSE:CWH), a retailer specializing in RV, parts, and services, with a market capitalization of $2.4 billion and a consistent 9-year dividend payment history, has amended its existing credit agreement, extending the maturity date of its revolving credit facility, according to a report by Investing.com.
The amendment, effective as of Monday, Dec. 2, was disclosed in a recent filing with the Securities and Exchange Commission.
The amendment to the credit agreement, which was originally entered into on June 3, 2021, involves the company’s subsidiaries CWGS Group, LLC, and CWGS, LLC, with Goldman Sachs Bank USA serving as the administrative agent. The senior secured credit facilities consist of a seven-year $1.4 billion term loan facility and a five-year $65.0 million revolving credit facility. With total debt of $3.57 billion and a debt-to-equity ratio of 33.1x as reported by InvestingPro, managing these credit facilities is crucial for the company’s financial stability.
With the new amendment, the revolving credit facility’s maturity date has been extended from June 3, 2026, to March 3, 2028, or 91 days prior to the maturity date of the FreedomRoads Floor Plan Credit Agreement, whichever comes first.
Click here to read the full report by Investing.com.
