Goldman Sachs acted as administrative agent on an amendment to Camping World‘s credit agreement.
The amendment, among other things, (i) reduces the interest rate to 1.75% from 2.00% per annum, in the case of base rate loans, and to 2.75% from 3.00% per annum, in the case of LIBOR loans on April 6, 2018, subject to customary closing conditions, and (ii) increases the company’s term loan facility by $250 million to a principal amount of $1.19 billion outstanding as of March 28, 2018.
The proceeds are expected to be used to fund future dealership acquisitions, expand the company’s retail platform and pay related fees and expenses associated with the amendment.
Founded in 1966 and headquartered in Lincolnshire, IL, Camping World Holdings is an outdoor and camping retailer.
