Camping World Announces Proposed Add-On to Its Senior Secured Term Loan for Acquisition and Development of RV Dealerships and Service Centers
December 08, 2021 at 07:00 am EST
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Camping World Holdings, Inc. announced plans to issue a $300 million add-on to its senior secured term loan to fund the acquisition and development of RV dealerships and service centers. The terms of the proposed incremental term loan will be disclosed upon the completion of the transaction, which is expected to occur later this month. The proposed transaction is subject to the occurrence of the effectiveness of definitive documentation as well as customary closing conditions, and is subject to market and other conditions. There can be no assurance that the incremental term loan will occur, or, if it does, the terms of the incremental term loan.
Camping World Holdings, Inc. is a retailer of recreational vehicles (RVs) and related products and services. The Company operates through two segments: Good Sam Services and Plans and RV and Outdoor Retail. The Good Sam Services and Plans segment consists of programs, plans, and services that are geared towards protecting, insuring and promoting the RV lifestyle and include services, such as extended vehicle service contracts, vehicle roadside assistance, property and casualty insurance, travel protection, travel planning and directories, and publications. The RV and Outdoor Retail segment consists of all aspects of its RV dealership operations, which includes selling new and used RVs, assisting with the financing of new and used RVs, selling protection and insurance related services and plans for RVs, servicing and repairing new and used RVs, installing RV parts and accessories, and selling RV and outdoor related products, parts and accessories.