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MarineMax strikes a deal with its lenders

May 21, 2020 - MarineMax says it has greater financial capacity, now that it has amended its $440 million credit facility. The amendment provides additional liquidity to MarineMax and extends the term to May 2023, with two one-year options to renew, subject to lender approval. The agent of the facility is Wells Fargo Commercial Distribution Finance and includes the following lending partners: M&T Bank, Bank of the West and Truist Bank. MarineMax (NYSE: HZO), a Clearwater-based recreational boat and yacht retailer, also said in a news release that  the positive retail activity it reported in April has continued.

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