MarineMax $150 million floor plan facility at Libor plus 383 bps

By Sara Rosenberg

New York, June 3 - MarineMax Inc.'s amended $150 million floor plan financing facility is priced at Libor plus 383 basis points with a 10 bps unused fee, according to an 8-K filed with the Securities and Exchange Commission on Friday.

The facility matures in June 2014 and has two one-year extension options.

Covenants include a current ratio and a leverage ratio.

GE Capital Markets acted as the lead bank on the deal that was completed on June 1.

Proceeds were used to replace a $100 million facility.

MarineMax is a Clearwater, Fla.-based recreational boat retailer.

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