Camping World to launch $80 million add-on term loan on Thursday

By Sara Rosenberg

New York, March 8 – Camping World Good Sam is scheduled to hold a lender call at 11 a.m. ET on Thursday to launch a fungible $80 million add-on first-lien term loan due November 2023 that is talked at Libor plus 375 basis points with a 0.75% Libor floor and an original issue discount of 99.75, according to a market source.

The spread and the floor on the add-on matches existing first-lien term loan pricing.

Goldman Sachs Bank USA is the lead on the deal.

Commitments are due at 5p.m. ET on Monday, the source added.

Proceeds will be used to fund acquisitions.

Camping World is a Lincolnshire, Ill.-based seller of RVs and supplier of RV parts, supplies and accessories.

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