TSL Express Daily News

Lazydays Holdings, Inc. ("Lazydays" or the "Company") (NasdaqCM: LAZY) announced that on July 14, 2021, the company entered into a three-year expanded credit agreement with a syndicate of banks led by Manufacturers and Traders Trust Company ("M&T Bank"). The $369 million credit facility nearly doubles the Company's Floorplan capacity from $175 million to $327 million, and expands its Revolving Credit facility from $5 million to $25 million. The Company's $11.3 million term loan and $5.8 million mortgage debt will continue to be financed using the same amortization schedule. Fixed Charge Coverage and Leverage Ratio covenants remain unchanged.  

"M&T Bank has been a great partner in supporting Lazydays rapid growth," stated Nick Tomashot, Chief Financial Officer of Lazydays. "This expanded credit facility provides Lazydays the floorplan and liquidity capacity to support Lazydays geographic expansion strategy," commented Tomashot.

ABOUT LAZYDAYS RV

As an iconic brand in the RV industry, Lazydays, The RV Authority, consistently provides the best RV sales, service, and ownership experience, which is why RVers and their families become Customers for Life. Lazydays continues to add locations at a rapid pace as it executes its geographic expansion strategy that includes both acquisitions and greenfields.

Since 1976, Lazydays RV has built a reputation for providing an outstanding customer experience with exceptional service excellence and unparalleled product expertise, along with being a preferred place to rest and recharge with other RVers. By offering the largest selection of RV brands from the nation's leading manufacturers, state-of-the-art service facilities, and thousands of accessories and hard-to-find parts, Lazydays RV provides everything RVers need and want.

Lazydays Holdings, Inc. is a publicly listed company on the Nasdaq stock exchange under the ticker "LAZY."

News Contact:

+1 (813) 204-4099
investors@lazydays.com