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Lazydays Enhances Financial Position Through Strategic Transactions

Lazydays Holdings, Inc., a notable name in the RV industry, has announced a significant step towards improving its financial standing. On June 17, 2025, the Company disclosed the successful execution of amendments and waivers linked to its credit facility with MT Bank and its mortgage lender, an affiliate of Coliseum Capital Management. This move is expected to bolster Lazydays' liquidity and fortify its financial structure.

Generating Liquidity and Reducing Debt

The newly executed agreements will lead to a retention of approximately $14 million in proceeds from the divestiture of certain non-core dealerships and associated real estate. This strategic decision not only enhances liquidity but also allows for a repayment of around $15 million in non-floorplan debt, subsequently reducing this debt category to about $44 million. Lowering the interest expenses related to this debt will significantly benefit the company’s financial health moving forward.

The divestitures include a series of dealership sales across various locations:

• - Mesa, AZ dealership closed on May 30, 2025
• - Fort Pierce, FL dealership and its real estate closed on June 6, 2025
• - Longmont, CO dealership closed on June 13, 2025
• - Las Vegas, NV dealership is expected to close shortly, completing the set of strategic asset sales.

Strategic Realignment for Future Growth

Ron Fleming, CEO of Lazydays, expressed satisfaction with the latest agreements, citing them as an opportunity to strengthen the company's financial position. He stated, “We are pleased to have reached these agreements with our lenders which enhance our liquidity position and grant us the flexibility needed to execute our turnaround strategy.” The focus moving forward will be on revitalizing the core operations of their dealerships while efficiently managing their footprint and further reducing debt through the sale of non-essential assets.

Lazydays' commitment to streamlining its operations is indicative of a broader strategy aimed at securing long-term stability and improved operational performance within its dealership network. As the RV market continues to evolve, the company aims to adapt by focusing its resources on core ventures that align with its mission.

In light of these developments, Lazydays looks committed to building a stronger company framework that not only prioritizes financial health but also enhances customer service and operational efficiencies. Given the substantial support from its lenders, the company is poised to move forward with renewed confidence.

Legal and Financial Advisory

In these transactions, Stoel Rives LLP provided legal counsel while Miller Buckfire, a member of the Stifel family, along with CR3 Partners, served as financial advisors to Lazydays and its Board of Directors, ensuring that all strategic moves aligned with the best practices in finance and law.

For those keen to delve deeper into these agreements, Lazydays has filed their Form 8-K with the SEC, detailing their recent credit arrangements and mortgage amendments. Additionally, previous filings concerning these divestitures can be found in the company's documents filed on May 9, 2025, and May 23, 2025.

About Lazydays

Founded in 1976, Lazydays has established a commendable reputation within the RV industry for its customer-centric approach to RV sales, service, and ownership experiences. The brand's dedication to excellence continues to foster lasting relationships with RV enthusiasts and their families.

Their extensive inventory features a wide array of RV models from leading manufacturers, alongside state-of-the-art service facilities offering a variety of accessories and parts. With a dedicated team ready to assist both seasoned RVers and newcomers alike, Lazydays remains the premier destination for RV needs, underpinning their commitment to elevating the RV lifestyle to extraordinary levels.

Lazydays proudly trades on the Nasdaq stock market under the ticker code GORV and remains dedicated to transparency and stakeholder engagement regarding its future endeavors.

Forward-Looking Statements Notice

This article contains forward-looking statements under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements regarding future goals, financial performance, and strategic initiatives should not be seen as guarantees of future results. Lazydays emphasizes that actual outcomes may differ due to various factors and external conditions affecting operations.

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