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Lincolnshire,
IL – February 2025 / NewsmakerAlert: Camping
World Holdings, Inc. (NYSE: CWH) (“Camping World” or “Company”), the
World’s Largest Recreational Vehicle Dealer, announces that it has entered
into an amended and restated floor plan credit agreement dated February
18, 2025 (the “RV Inventory Floor Plan Facility”).
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 $300 million, to an aggregate amount of $2.150 billion,
and resetting the accordion feature that provides the Company up to an
additional $300 million for further growth.
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 Lincolnshire, IL, (together
with its subsidiaries) is the world’s largest retailer of RVs and related
products and services. Through Camping World and Good Sam brands, our vision
is to build a business that makes RVing and other outdoor adventures fun
and easy. We strive to build long-term value for our customers, employees,
and stockholders by combining a unique and comprehensive assortment of
RV products and services with a national network of RV dealerships, service
centers and customer support centers along with the industry’s most extensive
online presence and a highly trained and knowledgeable team of associates
serving our customers, the RV lifestyle, and the communities in which we
operate. We also believe that our Good Sam organization and family of highly
specialized services and plans, including roadside assistance, protection
plans and insurance, uniquely enables us to connect with our customers
as stewards of an outdoor and recreational lifestyle. With RV sales and
service locations in 43 states, Camping World has grown to become the prime
destination for everything RV. For more information, visit www.CampingWorld.com.
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.
Media
Contact:
Brett
Andress
SVP,
Corp Dev & IR
LinkedIn
Camping
World Holdings |