Camping World Holdings, Inc. amended its floor plan credit agreement to provide additional financial and operational flexibility for its growth strategy.
The Amendment increases Camping World’s committed borrowing capacity by $150 million, to an aggregate amount of $1.85 billion and resets 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.
Camping World Chairman and CEO Marcus Lemonis commented, “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 percent over the next five years. 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.”
Camping World had 195 locations across 42 states at the close of the first quarter.
