Camping World to launch $55 million add-on term loan on Tuesday

By Sara Rosenberg

New York, Dec. 7 – Camping World Inc. is set to hold a call on Tuesday to launch a $55 million add-on term loan, according to a market source.

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

The add-on term loan is talked at Libor plus 475 basis points with a 1% Libor floor and an original issue discount of 98.5, the source said.

With the add-on, the company will increase pricing on its existing term loan to Libor plus 475 bps with a 1% Libor floor from Libor plus 425 bps with a 1% Libor floor.

All of the term loan debt is getting 101 soft call protection for six months, the source added.

Proceeds will be used to fund an acquisition.

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

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