The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.
Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .
Fri Nov 11, 2016
Lincolnshire, Ill.— Camping World Holdings, a leading network of RV retail sites, has refinanced its senior secured credit facility.
Following Camping World’s recent IPO, the company used $200.4 million of the proceeds to reduce its senior secured credit facility, resulting in a ratings upgrade by Moody’s and S&P. With the reduced leverage and ratings upgrade, Camping World has refinanced its senior secured credit facility with a seven-year $645.0 million term loan facility and a five-year $35.0 million revolving credit facility.
“We are pleased with the ratings upgrades by Moody’s and S&P, which we feel are well deserved, and are excited with our ability to access the debt markets to refinance our senior credit facility on favorable terms and significantly reduce our borrowing costs,” Marcus Lemonis, Chairman and Chief Executive Officer of Camping World, says.
Camping World Holdings provides a comprehensive portfolio of services, protection plans, products and resources for “RV” enthusiasts. Through its brands, Camping World and Good Sam, the company offers new and used RVs for sale, vehicle service and maintenance along with more than 10,000 products and services through its retail locations and membership clubs.