MarineMax Refinances $1.49 Billion Senior Secured Credit Facilities

About this update from Marinemax, Inc. (fl)

~Reduces Borrowing Costs and Improves Terms~ ~Expands Revolving Credit Facility to Enhance Financial Flexibility~ ~Extends Debt Maturity Profile to June 2031~ OLDSMAR, Fla., June 30, 2026--(BUSINESS WIRE)--MarineMax, Inc. (NYSE: HZO), the world's largest recreational boat and yacht retailer, marina operator and superyacht services company, today 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: The Credit Facilities mature in June 2031, extending MarineMax's debt maturity profile by five years. "This refinancing strengthens our financial position by lowering our borrowing costs, extending our maturity and providing additional liquidity to support the continued execution of our long-term strategy," said Michael H. McLamb, Executive Vice President, Chief Financial Officer and Secretary of MarineMax. "Successfully completing this transaction on improved terms in today's marine industry environment underscores the strength of our lender relationships and reflects the confidence they have in our operating performance, disciplined capital allocation, healthy balance sheet and management team. We appreciate and value the ongoing support and partnership of our lending group." 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. About MarineMax As the world's largest recreational boat and yacht retailer, marina operator and superyacht services company, MarineMax (NYSE: HZO) is United by Water. We have over 120 locations worldwide, including over 70 dealerships and 65 marina and storage facilities. Our integrated business includes IGY Marinas, which operates luxury marinas in yachting and sport fishing destinations around the world; Fraser Yachts Group and Northrop & Johnson, leading superyacht brokerage and luxury yacht services companies; Cruisers Yachts, one of the world's pr...

View stock analysis, news, and events for Marinemax, Inc. (fl)