LAZY - Lazydays Holdings secures $369M expanded credit facility

Lazydays Holdings ([[LAZY]] -4.2%) has entered into a three-year expanded credit agreement with a syndicate of banks led by Manufacturers and Traders Trust Company (M&T Bank).The $369M credit facility nearly doubles the company's Floorplan capacity from $175M to $327M, and expands its revolving credit facility from $5M to $25M to support Lazydays geographic expansion strategy.The Company's $11.3M term loan and $5.8M mortgage debt will continue to be financed using the same amortization schedule.The fixed charge coverage and leverage ratio covenants remain unchanged.

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Lazydays Holdings secures $369M expanded credit facility