Camping World amends and restates USD 175 million mortgage loan facility with M&T Bank-led lenders - CWH News | RalliesCamping World amends and restates USD 175 million mortgage loan facility with M&T Bank-led lenders
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CWH• Amended mortgage facility and borrowings
- Camping World subsidiaries signed an amended and restated $175 million senior secured A&R Mortgage Facility with M&T as agent.
- $132.8 million funded at closing refinanced the prior facility; an additional $20.8 million was drawn, net of fees.
- $42.2 million in delayed-draw commitments are available through Feb. 25, 2031.
- The maturity was extended to Aug. 25, 2031, from Oct. 27, 2027.
- Pricing is set at term SOFR + 2.3% or base rate + 1.3%, with a 0.2% annual fee on unused delayed-draw amounts.
- Quarterly amortization totals 5% annually from Sept. 30, 2026, and the facility includes an option to seek up to $100 million more capacity.
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