Camping World launches $300 million term loan B at 98.56-99 OID

By Sara Rosenberg

New York, Dec. 8 – Camping World Holdings Inc. held a lender call at noon ET on Wednesday to launch a fungible $300 million incremental term loan B due June 2028 (Ba3/BB-) that is talked with an original issue discount of 98.56 to 99, according to a market source.

Pricing on the incremental term loan is Libor plus 250 basis points with a 0.75% Libor floor, in line with existing term loan pricing.

The incremental and existing term loan are getting 101 soft call protection for six months, the source said.

Amortization on the incremental term loan is 1% per annum.

Goldman Sachs Bank USA and JPMorgan Chase Bank are the bookrunners on the deal.

Commitments are due at noon ET on Dec. 15, the source added.

Proceeds will be used for general corporate purposes, including adding cash to the balance sheet to fund future acquisitions.

Camping World is a Lincolnshire, Ill.-based retailer of recreational vehicles and related products and services.

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