Camping World Expands RV Inventory Floor Plan Facility

Camping World Holdings Inc CWH has entered into a first amendment to its existing floor plan credit agreement dated September 30, 2021.

The RV Inventory Floor Plan Facility Amendment increases the committed borrowing capacity by $150 million, to an aggregate amount of $1.85 billion.

The arrangement resets the accordion feature to allow CWH the option to increase the principal amount available in $50 million increments up to a maximum amount of $300 million.

The amendment is expected to provide additional financial and operational flexibility for the company's growth strategy.

"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% over the next five years," said CEO Marcus Lemonis.

Price Action: CWH shares are trading higher by 0.09% at $31.77 on the last check Friday.