Refinances $1.49B senior secured credit facilities; Extends maturities to June 2031
On June 29th, 2026, refinanced existing Credit Agreement to a New Credit Facility under an Amended and Restated Credit Agreement that keeps the $950M floor plan facility size and establishes a $150M revolving credit facility, a $302.5M term loan facility, and an $85M delayed draw mortgage loan facility - Interest rates set based on SOFR plus specified margins, with alternate base rate and Euro/currency options described in the filing - New Credit Facility secured by personal property assets, including inventory and related accounts receivable; mortgage loans also secured by pledged real estate; facilities mature June 2031 - Press release on June 30th, 2026 was filed as Exhibit 99.1
On June 29th, 2026, refinanced existing Credit Agreement to a New Credit Facility under an Amended and Restated Credit Agreement that keeps the $950M floor plan facility size and establishes a $150M revolving credit facility, a $302.5M term loan facility, and an $85M delayed draw mortgage loan facility - Interest rates set based on SOFR plus specified margins, with alternate base rate and Euro/currency options described in the filing - New Credit Facility secured by personal property assets, including inventory and related accounts receivable; mortgage loans also secured by pledged real estate; facilities mature June 2031 - Press release on June 30th, 2026 was filed as Exhibit 99.1