RideNow Group, Inc. Announces $220 Million Senior Secured Term Loan Refinancing; In Advanced Discussions for $50 Million Asset Backed Lending (ABL) Facility

RideNow Group, Inc. Announces $220 Million Senior Secured Term Loan Refinancing; In Advanced Discussions for $50 Million Asset Backed Lending (ABL) Facility PR Newswire

Refinancing Extends Debt Maturity to 2031, Optimizes Capital Structure CHANDLER, Ariz., Sept. 28, 2026 /PRNewswire/ -- RideNow Group, Inc. (NASDAQ: RDNW) today announced that it has entered into a new term loan credit agreement with affiliates of Centerbridge Partners, L.P. providing for $220 million in senior secured term loans bearing interest at Adjusted Term SOFR, plus 8.375% per annum. The proceeds of the term loans were used to refinance in full the Company's existing term loan credit agreement with Oaktree Fund Administration, LLC, which was terminated on the closing date. The new term loans mature on September 25, 2031.