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OneWater Marine Inc. Extends Term Loan and Floor Plan Credit Facilities to 2029

ONEW
  • OneWater Marine Inc. amended its senior secured term loan & floor plan financing facilities to extend both maturities by two years.
  • The term loan maturity is now set for July 31, 2029.
  • The floor plan maturity is now set for March 1, 2029.
  • Floor plan inventory financing capacity increased by $50 million to a total of up to $547 million.
  • Truist Bank leads the senior secured term loan while Wells Fargo leads the floor plan facility.
  • Both facilities remain subject to customary financial & non-financial covenants.
  • The amendments provide added flexibility to manage inventory levels as the company navigates the current retail environment.