Camping World Holdings, Inc. (NYSE:CWH) Files An 8-K Entry into a Material Definitive Agreement

Camping World Holdings, Inc. (NYSE:CWH) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01.Entry into a Material Definitive Agreement.

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On December 4, 2018, FreedomRoads, LLC, a Minnesota limited liability company (the “Floor Plan Borrower”), an indirect subsidiary of Camping World Holdings, Inc., entered into a First Amendment to Seventh Amended and Restated Credit Agreement (the “Amendment”) amending the Seventh Amended and Restated Credit Agreement dated as of December 12, 2017, withBANK OF AMERICA, N.A., a national banking association organized and existing under the laws of the United States, in its capacity as administrative agent), and each of the lenders signatory thereto (the “Floor Credit Agreement”), which governs our floor plan facility (the “Floor Plan Facility”).The Floor Plan Borrower uses the Floor Plan Facility to finance substantially all of its new and certain of its used inventory.The Floor Plan Facility also provides for a revolving line of credit (the “Revolving Credit Loans”), the proceeds of which the Floor Plan Borrower may borrow, repay and reborrow for general corporate purposes.The Amendment increases the maximum amount outstanding under the Revolving Credit Loans to $60.0 million from $35.0 million. The maximum amount outstanding will decrease by $3.0 million on the last day of each fiscal quarter, commencing with the fiscal quarter ending March 31, 2020.The foregoing description of the Amendment is qualified in its entirety by reference to the full and complete terms contained in the Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 1.01.Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth above under Item 1.01 is hereby incorporated by reference into this Item 1.01.

Item 1.01.Financial Statements and Exhibits.

(d)The following exhibit is filed with this Current Report:


Camping World Holdings, Inc. Exhibit
EX-10.1 2 ex-10d1.htm EX-10.1 cwh_Ex10_1   Exhibit 10.1       EXECUTION VERSION   FIRST AMENDMENT TO SEVENTH AMENDED AND RESTATED CREDIT AGREEMENT This FIRST AMENDMENT TO SEVENTH AMENDED AND RESTATED CREDIT AGREEMENT (this “Agreement”) dated as of December 4,…
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About Camping World Holdings, Inc. (NYSE:CWH)

Camping World Holdings, Inc. provides a comprehensive portfolio of services, protection plans, products and resources for recreational vehicle (RV) enthusiasts. The Company operates through two segments: Consumer Services and Plans, and Retail. It provides its consumer services and plans offerings through its Good Sam brand and it provides its retail offerings through its Camping World brand. Within the Consumer Services and Plans segment, the Company primarily derives revenue from the sale of the various offerings, such as emergency roadside assistance; property and casualty insurance programs; travel assist programs; extended vehicle service contracts; co-branded credit cards; vehicle financing and refinancing; club memberships; and publications and directories. Within the Retail segment, it primarily derives revenue from the sale of the various products, such as new vehicles; used vehicles; parts and service, including RV accessories and supplies, and finance and insurance.

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