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Camping World firms discount on $117 million add-on term loan at 99½
By Sara Rosenberg
New York, Nov. 20 – Camping World Inc. finalized the original issue discount on its fungible $117 million add-on term loan at 99½, the tight end of the 99 to 99½ talk, according to a market source.
Pricing on the loan is Libor plus 475 basis points with a 1% Libor floor.
The add-on has 101 soft call protection for six months.
Goldman Sachs Bank USA is the lead bank on the deal.
Proceeds will be used to fund RV dealerships.
Camping World is a supplier of RV parts, supplies and accessories.
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