OneWater Marine Sells Ocean Bio-Chem Holdings for $50 Million

Reuters

02/03

OneWater Marine Sells <a href="https://laohu8.com/S/1B6.SI">Ocean</a> Bio-Chem Holdings for $50 Million

OneWater Marine Inc. has completed the sale of Ocean Bio-Chem Holdings, Inc. as part of its portfolio optimization strategy to focus on core assets and long-term value creation. The company plans to use the $50 million in proceeds from the transaction to reduce debt, aiming to bring net leverage below 4.0x by the end of the fiscal year. This debt prepayment is expected to generate approximately $3.5 million in annual interest expense savings and strengthen the company’s cash flow. OneWater has updated its fiscal full year 2026 guidance to reflect the impact of the sale, while maintaining its market outlook.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. OneWater Marine Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260203058921) on February 03, 2026, and is solely responsible for the information contained therein.

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