MarineMax, Inc., the nation's largest recreational boat retailer, has announced the expansion and extension of a $280 million credit facility.
The $280 million asset-based credit facility has a three-year term with two additional one-year renewal options. It replaces and increases its previous $240 million credit facility by adding an additional lender, National City Bank, N.A. to the current lending group of Key Bank, N.A., Bank of America, N.A., Transamerica Commercial Finance Corporation, and General Electric Commercial Distribution Finance Corporation. The terms and conditions of the facility are similar to the Company's previous facility.
