Camping World Announces $2.150 Billion RV Inventory Floor Plan Facility to Fuel Growth and Expansion
Camping World Holdings (NYSE: CWH) has secured an amended and restated floor plan credit agreement, increasing its committed borrowing capacity by $300 million to reach $2.150 billion. The agreement, dated February 18, 2025, includes an accordion feature providing up to an additional $300 million for further growth.
Led by Bank of America and J.P. Morgan, this facility enhancement demonstrates lenders' confidence in Camping World's recent performance, strengthened balance sheet, and inventory management. The expanded facility aims to support future dealership growth and expand relationships with key OEM partners, including Thor, Forest River, and Winnebago.
As the world's largest RV retailer, Camping World operates RV sales and service locations across 43 states, offering comprehensive RV products and services through its Camping World and Good Sam brands.
Camping World Holdings (NYSE: CWH) ha ottenuto un accordo di credito per piano di finanziamento modificato e riformulato, aumentando la sua capacità di prestito impegnata di 300 milioni di dollari, raggiungendo 2,150 miliardi di dollari. L'accordo, datato 18 febbraio 2025, include una caratteristica di espansione che fornisce fino a ulteriori 300 milioni di dollari per una crescita futura.
Guidato da Bank of America e J.P. Morgan, questo potenziamento della struttura dimostra la fiducia dei finanziatori nelle recenti performance di Camping World, nel bilancio rafforzato e nella gestione dell'inventario. La struttura ampliata mira a supportare la crescita futura dei concessionari e ad ampliare le relazioni con i principali partner OEM, tra cui Thor, Forest River e Winnebago.
Essendo il più grande rivenditore di RV al mondo, Camping World gestisce punti vendita e servizi per RV in 43 stati, offrendo una gamma completa di prodotti e servizi per RV attraverso i suoi marchi Camping World e Good Sam.
Camping World Holdings (NYSE: CWH) ha asegurado un acuerdo de crédito de plan de financiación modificado y reformulado, aumentando su capacidad de préstamo comprometida en 300 millones de dólares, alcanzando 2.150 millones de dólares. El acuerdo, fechado el 18 de febrero de 2025, incluye una característica de expansión que proporciona hasta 300 millones de dólares adicionales para un crecimiento futuro.
Dirigido por Bank of America y J.P. Morgan, esta mejora de la facilidad demuestra la confianza de los prestamistas en el rendimiento reciente de Camping World, en su balance fortalecido y en la gestión del inventario. La facilidad ampliada tiene como objetivo apoyar el crecimiento futuro de los concesionarios y expandir las relaciones con socios OEM clave, incluidos Thor, Forest River y Winnebago.
Como el mayor minorista de vehículos recreativos (RV) del mundo, Camping World opera puntos de venta y servicios de RV en 43 estados, ofreciendo productos y servicios integrales de RV a través de sus marcas Camping World y Good Sam.
캠핑 월드 홀딩스 (NYSE: CWH)는 수정되고 재작성된 자산 기반 신용 계약을 확보하여 3억 달러를 추가로 확보하고 총 21억 5천만 달러에 도달했습니다. 이 계약은 2025년 2월 18일자로, 추가 성장에 대해 최대 3억 달러를 제공하는 아코디언 기능을 포함하고 있습니다.
뱅크 오브 아메리카와 JP모건이 주도한 이 자금 조달 증가는 캠핑 월드의 최근 성과, 강화된 재무 상태 및 재고 관리에 대한 대출 기관의 신뢰를 보여줍니다. 확대된 자금 조달은 향후 대리점 성장 지원과 주요 OEM 파트너인 Thor, Forest River 및 Winnebago와의 관계 확장을 목표로 하고 있습니다.
세계 최대의 RV 소매업체인 캠핑 월드는 43개 주에서 RV 판매 및 서비스 장소를 운영하며, Camping World 및 Good Sam 브랜드를 통해 포괄적인 RV 제품 및 서비스를 제공합니다.
Camping World Holdings (NYSE: CWH) a sécurisé un accord de crédit modifié et reformulé, augmentant sa capacité d'emprunt engagée de 300 millions de dollars pour atteindre 2,150 milliards de dollars. L'accord, daté du 18 février 2025, comprend une fonctionnalité d'accord qui fournit jusqu'à 300 millions de dollars supplémentaires pour une croissance future.
Dirigé par Bank of America et J.P. Morgan, cette amélioration de la facilité démontre la confiance des prêteurs dans les performances récentes de Camping World, dans son bilan renforcé et dans la gestion des stocks. La facilité élargie vise à soutenir la croissance future des concessionnaires et à élargir les relations avec des partenaires OEM clés, y compris Thor, Forest River et Winnebago.
En tant que plus grand détaillant de véhicules récréatifs (RV) au monde, Camping World exploite des points de vente et des services de RV dans 43 États, offrant des produits et services RV complets à travers ses marques Camping World et Good Sam.
Camping World Holdings (NYSE: CWH) hat eine geänderte und neu gefasste Kreditvereinbarung für den Bodenplan gesichert, die seine zugesagte Kreditaufnahme um 300 Millionen Dollar auf insgesamt 2,150 Milliarden Dollar erhöht. Die Vereinbarung, datiert auf den 18. Februar 2025, umfasst eine Akkordeon-Funktion, die bis zu zusätzlich 300 Millionen Dollar für weiteres Wachstum bereitstellt.
Unter der Leitung von Bank of America und J.P. Morgan zeigt diese Verbesserung der Einrichtung das Vertrauen der Kreditgeber in die jüngsten Leistungen von Camping World, die gestärkte Bilanz und das Inventarmanagement. Die erweiterte Einrichtung zielt darauf ab, zukünftiges Wachstum der Händler zu unterstützen und die Beziehungen zu wichtigen OEM-Partnern wie Thor, Forest River und Winnebago auszubauen.
Als der größte RV-Händler der Welt betreibt Camping World Verkaufs- und Servicestandorte für RV in 43 Bundesstaaten und bietet umfassende RV-Produkte und -Dienstleistungen über seine Marken Camping World und Good Sam an.
- Secured increased borrowing capacity of $2.150 billion, up $300 million
- Additional $300 million accordion feature available for future growth
- Strong lender confidence demonstrated through facility expansion
- Extensive nationwide presence with operations in 43 states
- None.
Insights
The secured $2.15 billion RV inventory floor plan facility represents a strategic milestone for Camping World, with significant implications for their market position and growth trajectory. Floor plan financing is a specialized form of inventory financing important in the RV industry, allowing dealers to maintain extensive inventory without tying up significant capital. The $300 million increase in borrowing capacity, coupled with an additional $300 million accordion feature, provides substantial financial flexibility.
The timing and scale of this facility are particularly noteworthy for several reasons:
- The enhanced facility strengthens Camping World's purchasing power with key manufacturers like Thor, Forest River, and Winnebago, potentially leading to better terms and priority access to popular models.
- The increased capacity enables aggressive expansion of their dealership network beyond the current 43-state footprint, particularly valuable in a market where strategic acquisitions may become available.
- The backing of major financial institutions signals strong confidence in Camping World's operational efficiency and inventory management practices, especially significant given the cyclical nature of the RV industry.
From an operational perspective, this facility provides Camping World with several competitive advantages. The company can maintain optimal inventory levels across its extensive dealership network, important for capturing seasonal demand spikes and maintaining market share. The expanded facility also offers flexibility to pursue strategic growth opportunities, whether through new dealership acquisitions or organic expansion.
However, this facility also carries implicit responsibilities and potential risks. The company must maintain disciplined inventory management to effectively utilize this increased capacity while avoiding over-leverage. The success of this expanded facility will largely depend on Camping World's ability to execute its growth strategy while maintaining strong operational metrics and inventory turnover rates.
The RV Inventory Floor Plan Facility provides additional financial and operational flexibility for the Company’s growth strategy by increasing the committed borrowing capacity by
Camping World Chairman and CEO Marcus Lemonis commented, “Today’s agreement demonstrates the confidence that our lenders have in Camping World’s recent performance, fortified balance sheet, and rigorous inventory management. For over twenty years, led by Bank of America and J.P. Morgan, this facility has allowed us to build our Company into what it is today, providing us with greater runway for future dealership growth and additional capacity to expand relationships with leading OEM partners, including Thor, Forest River, and Winnebago.”
About Camping World Holdings, Inc.
Camping World Holdings, Inc., headquartered in
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 concerning Camping World and other matters. All statements other than statements of historical facts contained in this press release may be forward-looking statements including statements about future business growth, anticipated store growth, uses of financing under the RV Inventory Floor Plan Facility, and plans and objectives of management. In some cases, you can identify forward-looking statements by terms such as ‘‘may,’’ ‘‘will,’’ ‘‘should,’’ ‘‘expects,’’ ‘‘plans,’’ ‘‘anticipates,’’ ‘‘could,’’ ‘‘intends,’’ ‘‘targets,’’ ‘‘projects,’’ ‘‘contemplates,’’ ‘‘believes,’’ ‘‘estimates,’’ ‘‘predicts,’’ ‘‘potential’’ or ‘‘continue’’ or the negative of these terms or other similar expressions. The forward-looking statements in this press release are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition, and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. You should carefully consider the risks and uncertainties that affect our business, including risks described in our filings with the Securities and Exchange Commission (“SEC”), including under the caption “Risk Factors” in our Annual Report on Form 10-K filed for the year ended December 31, 2023. These forward-looking statements speak only as of the date of this communication. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements, whether as a result of any new information, future events or otherwise. You are advised, however, to consult any further disclosures we make on related subjects in our public announcements and filings with the SEC.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250219394640/en/
Brett Andress
InvestorRelations@campingworld.com
Media Outlets:
PR-CWGS@CampingWorld.com
Source: Camping World
FAQ
What is the new borrowing capacity of CWH's floor plan facility as of February 2025?
How much additional funding can CWH access through the accordion feature?
Which banks are leading CWH's floor plan credit facility?
Which major OEM partners does CWH work with according to the announcement?
How many states does CWH operate in as of 2025?
