Lazydays Holdings Inc. has entered into a Limited Waiver and Consent agreement in relation to its existing Second Amended and Restated Credit Agreement, dated February 21, 2023, with Manufacturers and Traders Trust Company as the Administrative Agent and other lenders. Effective July 31, 2025, this agreement addresses potential defaults and events of default, including missed vehicle curtailment and interest payments, and issues with loan repayments. As part of the agreement, Lazydays is required to negotiate contingency procedures by August 15, 2025, and deliver indications of interest for capital raising actions by August 22, 2025. The agreement also reduces the aggregate commitments of the Floor Plan Credit Facility from $245 million to $225 million. Additionally, proceeds from the sale of the company's Tulsa, Oklahoma facility have been deposited into a blocked account controlled by the Administrative Agent. The waivers will remain in effect until September 12, 2025, or until any further defaults occur.
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