Lazydays Holdings Inc. has announced liquidity enhancing transactions aimed at generating $14 million in liquidity and reducing non-floorplan indebtedness by $15 million. The company has executed amendments and waivers with its credit facility lender syndicate, led by M&T Bank, and its mortgage lender, an affiliate of Coliseum Capital Management. This move is part of Lazydays' strategy to strengthen its balance sheet and support long-term stability. The transaction involves the divestiture of several non-core dealerships, including locations in Mesa, AZ, Fort Pierce, FL, and Longmont, CO, with a forthcoming closure in Las Vegas, NV. CEO Ron Fleming expressed satisfaction with the agreements, emphasizing the focus on revitalizing core dealership operations.
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