Recent Updates — CWH
Camping World Holdings, Inc. subsidiaries entered into an Amended and Restated Credit Agreement with M&T Bank on August 25, 2026, establishing a $175.0 million senior secured mortgage loan facility. The agreement refinances the prior facility and includes $132.8 million funded at closing plus $42.2 million in delayed draw commitments available through February 25, 2031. Borrowings carry interest rates of term SOFR plus 2.30% or base rate plus 1.30%, with a 0.20% fee on unused delayed draws. The facility matures August 25, 2031, requiring quarterly amortization of 5.0% of the original principal and maintaining a debt service coverage ratio of at least 1.10 to 1.00. An additional $100.0 million borrowing capacity option is retained subject to conditions. The company operates in the recreational vehicle retail and services industry.
Camping World Holdings, Inc. reported second quarter 2026 financial results on July 29, 2026. Revenue decreased 2.1% to $1.93 billion, while net income fell 24.0% to $43.7 million and diluted EPS dropped to $0.42. The company revised its full-year 2026 Adjusted EBITDA outlook downward to a range of $230 million to $270 million from the previous guidance of $275 million to $325 million, citing weakened demand during the peak selling season and industry-wide registration declines. Management identified an additional $100 million in structural SG&A savings, with $50 million expected by year-end 2026. The company ended the quarter with $224.1 million in cash and $1.405 billion in long-term debt. Camping World Holdings operates as America's largest retailer of recreational vehicles (RVs) and related products and services.