Daily News: March 20, 2017

Goldman Sachs Increases Camping World Holdings Facility to $740MM


Camping World Holdings amended its November 8, 2016 credit facility to increase the amount by $95 million to $740 million. According to a related 8-K filing, Goldman Sachs was administrative agent.

Per the terms of the first amendment, the borrower’s term loan will bear interest at the borrower’s option at a) LIBOR multiplied by the statutory reserve rate, subject to a 0.75% floor, plus an applicable margin of 3.75%, or b) an alternate base rate equal to 2.75% per annum plus the greater of: the prime rate published by the Wall Street Journal, federal funds effective rate plus 0.50%, or one-month adjusted LIBOR rate plus 1.00%, subject to a 1.75% floor.

The $95 million add-on was priced at 99.75%. No other terms of the credit agreement were amended.