MarineMax Refinances Senior Secured Credit Facilities

MarineMax, Inc. has announced that it has completed the refinancing of its $1.49 billion aggregate senior secured credit facilities.

The new credit facilities (the “Credit Facilities”) consist of the following:

• $950 million floor plan line of credit (the “Floor Plan”), replacing a similar facility
• $302.5 million term loan (the “Term Loan”), replacing the prior facility
• $150 million revolving credit facility (the “Revolver”), replacing a $100 million facility
• $85 million delayed draw mortgage facility (the “Mortgage Facility”), of which $35 million is outstanding, replacing the prior $100 million facility

The Credit Facilities mature in June 2031, extending MarineMax’s debt maturity profile by five years.

The financings were led by M&T Bank as Administrative Agent and Joint Lead Arranger, along with Wells Fargo Commercial Distribution Finance as Joint Lead Arranger and Floor Plan Agent.

MarineMax maintains deep, longstanding relationships with many of the lenders participating in the current and prior credit facilities. These banking partners support the Company’s diverse lines of business through a broad range of global cash management, treasury, retail financing, and investment banking services.