Financing ·
MarineMax, Inc. refinanced its existing $950 million floor plan facility with a new credit facility that maintains the…
HZOMarinemax Inc
MarineMax, Inc. refinanced its existing $950 million floor plan facility with a new credit facility that maintains the $950 million floor plan capacity and adds a $150 million revolving credit facility, a $302.5 million term loan facility, and an $85 million delayed draw mortgage loan facility. All facilities mature in June 2031. Interest rates are based on SOFR plus a margin of 3.25% for the floor plan facility and a margin of 1.50% to 2.0% for the revolving and term loan facilities. MarineMax, Inc. operates in the recreational boat industry as a retailer of boats and related equipment.