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 Dec 8, 2017
FOREST CITY, Iowa — Winnebago Industries, Inc. (NYSE: WGO) announced today a successful repricing of a $260 million Term Loan B facility. Winnebago successfully priced the facility at an interest rate of LIBOR plus 3.5 percent to replace the previous facility that carried an interest rate of LIBOR plus 4.5 percent.
In conjunction with the repricing of the Term Loan B facility, Winnebago also amended its existing $125 million asset-based-lending (ABL) facility. Interest rates on the amended ABL will now be from LIBOR plus 125bps to 175bps in place of the previous range of LIBOR plus 150bps to 200bps. The interest rate primarily depends upon the amount borrowed on the ABL.