Camping World reveals price talk on $95 million add-on loan, repricing

By Sara Rosenberg

New York, May 18 – Camping World Inc. launched on Monday its $95 million add-on term loan and repricing of its existing term loan with talk of Libor plus 425 basis points with a 1% Libor floor, according to a market source.

The add-on term loan is being offered with original issue discount guidance of 99.5 to 99.75, and the repricing is being offered at par, the source said.

Goldman Sachs Bank USA is the lead bank on the deal.

Proceeds from the add-on will be used to fund a dividend, and the repricing will take the existing loan down from Libor plus 475 bps with a 1% Libor floor.

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

Camping World is a supplier of RV parts, supplies and accessories.

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