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MarineMax restructures $1.49B senior secured credit facilities

Move extends marine retailer’s debt timeline 

Auto Finance News, AI-assisted

Recreational boat and yacht retailer MarineMax completed a refinancing of its $1.49 billion senior secured credit facilities to reduce borrowing costs and extend its debt timeline.  The new agreement extends MarineMax’s debt maturity profile by five years to June 2031, the company said June 30.   The transaction restructures the company’s borrowing into four components: a $950 million floorplan line of credit, a $302.5 million term loan, an […]

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