Financing ·
RideNow Group borrows $220M in senior secured term loan to refinance existing debt
RDNWRideNow Group, Inc.
On September 25, 2026, RideNow Group, Inc. entered into a $220 million senior secured term loan credit agreement with affiliates of Centerbridge Partners, L.P., funded to refinance its existing debt. The new loans mature on September 25, 2031 and carry interest rates of Base Rate plus 7.375% or SOFR plus 8.375%. Concurrently, the company amended three unsecured promissory notes totaling approximately $10 million with affiliates SH Capital Partners, Mark Tkach, and Face Canyon LLC, maintaining original terms but extending maturity to August 31, 2028. The filing also disclosed advanced discussions with Wells Fargo for a potential $50 million asset-based revolving credit facility, though no binding commitment exists yet. RideNow Group operates in the automotive retail industry.