RideNow Group Refinances $220M Loan to Extend Debt Maturity to 2031

Key Facts

1RideNow Group entered into a new term loan credit agreement with affiliates of Centerbridge Partners, L.P.

2The $220 million refinancing extends the company's debt maturity to 2031.

3The company is in advanced discussions for a $50 million Asset Backed Lending (ABL) facility.

RideNow Group entered into a new $220 million term loan credit agreement with affiliates of Centerbridge Partners, L.P. PR Newswire reported that the refinancing transaction extends the company's debt maturity profile to 2031, aimed at optimizing its capital structure.

The company is also in advanced discussions to secure an additional $50 million Asset Backed Lending (ABL) facility. The firm remains focused on strengthening its liquidity position through these new financing arrangements.