RideNow Group, Inc. Announces $220 Million Senior Secured Term Loan Refinancing; In Advanced Discussions for $50 Million Asset Backed Lending (ABL) Facility
Why now
Thesis: Debt maturity extension buys time for RDNW
Catalyst to watch: ABL facility completion and rate terms
Main risk: Higher secured debt constrains future flexibility
Why it matters
Refinancing extends maturities to 2031 and adds an ABL facility, improving liquidity but adding secured leverage; RDNW is not in the slug list.
Details
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...
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CreditSources
- prnewswire · 2026-09-28 13:20 UTC