OneWater Marine facility provides for $200 million incremental loan

Chicago, Dec. 2 – OneWater Marine Inc. entered into an amendment to its credit agreement on Nov. 30 to provide for a $200 million incremental term loan, according to an 8-K filed with the Securities and Exchange Commission.

The loan will be added to, and fungible with, the existing $110 million term loan.

Proceeds of the incremental loan will be used to finance the T-H Marine acquisition for $179.7 million in cash.

In addition to the term loan increase, the amended facility increased revolving borrowings by $20 million. The addition will be fungible with the existing $30 million revolving commitment.

Both the term loan and the revolver mature on July 22, 2025.

Truist Bank is the administrative agent, collateral agent, documentation agent, swingline lender and issuing bank.

SunTrust Robinson Humphrey, Inc. and Synovus Bank are the joint lead arrangers and joint bookrunners.

Synovus is the documentation agent.

OneWater Marine is a recreational boat retailer based in Buford, Ga.

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