Camping World Boosts Its RV Inventory Floor Plan Facility for Future Expansion

LINCOLNSHIRE, Ill., July 21, 2023, (VSNewsNetwork.com) - Camping World Holdings, Inc. (NYSE: CWH), the world's premier recreational vehicle (RV) dealer, announced today an amendment to its existing floor plan credit agreement. This adjustment, known as the "RV Inventory Floor Plan Facility Amendment," increases the company's committed borrowing capacity by $150 million, reaching a total of $1.85 billion.

The amendment offers the company enhanced financial and operational flexibility, setting the stage for its growth strategy. It also introduces a reset accordion feature, granting Camping World the option to incrementally increase the principal amount by $50 million, up to a total of $300 million.

Camping World's Chairman and CEO, Marcus Lemonis, expressed the implications of the amendment. He said, "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." Lemonis further elaborated: "This Amendment provides incremental inventory borrowing capacity to support the future growth of our manufacturer exclusive concept."

For additional information, visit www.CampingWorld.com.

Source: Camping World Holdings, Inc. via Business Wire Business Wire