Lazydays Holdings Inc. Enters Limited Waiver and Consent Agreement with Manufacturers and Traders Trust Company, Reduces Floor Plan Credit Facility to $225 Million

Reuters
08/04
<a href="https://laohu8.com/S/GORV">Lazydays</a> Holdings Inc. Enters Limited Waiver and Consent Agreement with Manufacturers and Traders Trust Company, Reduces Floor Plan Credit Facility to $225 Million

Lazydays Holdings Inc. has entered into a Limited Waiver and Consent agreement in relation to its existing Second Amended and Restated Credit Agreement, dated February 21, 2023, with Manufacturers and Traders Trust Company as the Administrative Agent and other lenders. Effective July 31, 2025, this agreement addresses potential defaults and events of default, including missed vehicle curtailment and interest payments, and issues with loan repayments. As part of the agreement, Lazydays is required to negotiate contingency procedures by August 15, 2025, and deliver indications of interest for capital raising actions by August 22, 2025. The agreement also reduces the aggregate commitments of the Floor Plan Credit Facility from $245 million to $225 million. Additionally, proceeds from the sale of the company's Tulsa, Oklahoma facility have been deposited into a blocked account controlled by the Administrative Agent. The waivers will remain in effect until September 12, 2025, or until any further defaults occur.

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. Lazydays Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-021971), on August 04, 2025, and is solely responsible for the information contained therein.

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