RideNow refinances $220 million term loan and pursues cheaper credit line
RideNow ($RDNW) has refinanced its existing Oaktree term debt with a $220 million senior secured loan from Centerbridge affiliates. The new financing carries interest at adjusted Term SOFR plus 8.375 percentage points and matures in September 2031. Proceeds fully repaid the previous facility, replacing a near-term refinancing problem with a longer maturity profile rather than creating an equivalent amount of unrestricted new cash. The powersports retailer is also in advanced discussions with Wel
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