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Lazydays执行信贷修正案和非核心经销商资产剥离,以产生1400万美元的流动性,将非首期计划债务减少1500万美元

2025-06-18 05:12

Transactions to generate $14 million of liquidity and reduce non-floorplan indebtedness by $15 million

Continues to focus on strengthening the balance sheet in support of long-term stability, improving operational performance of dealerships, and strategically divesting non-core assets

TAMPA, Fla., June 17, 2025 /PRNewswire/ -- Lazydays Holdings, Inc. ("Lazydays" or the "Company") (NasdaqCM: GORV) today announced that it has executed amendments and waivers with its credit facility lender syndicate led by M&T Bank and its mortgage lender, an affiliate of Coliseum Capital Management, that will help to enhance the Company's liquidity position and further fortify its financial foundation.

Under the terms of the transactions, Lazydays will retain approximately $14 million of proceeds resulting from its divestures of certain non-core dealerships and associated real estate, and repay approximately $15 million in non-floorplan indebtedness, reducing non-floorplan indebtedness to approximately $44 million and meaningfully lowering interest expense.

The contributing divestitures are as follows:

  • Divestiture of dealership in Mesa, AZ, which closed on May 30, 2025;
  • Divestiture of dealership and related real estate in Fort Pierce, FL, which closed on June 6, 2025;
  • Divestiture of dealership in Longmont, CO, which closed on June 13, 2025; and
  • Divestiture of dealership and related real estate in Las Vegas, NV, which is expected to close later this week.

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