Affinity, the nation’s largest provider of outdoor recreation clubs, services, media and events and parent company of MotorHome magazine,
has announced that it has completed the refinancing of its senior bank
debt. Affinity has entered into a new $144 million loan agreement that
allows the company to restructure its existing debt, which was set to
mature on March 31.
“We’re very pleased with this direction and the stability it gives
Affinity as we grow our core business to new heights,” said Mike
Schneider, CEO of Affinity. “As we begin to exit a major financial
downturn, this financing puts us in a strong position to capitalize on
new revenue growth opportunities and continue our commitment to
leadership in the outdoor recreation marketplace.”
A multimedia company, Affinity is well-known for managing several membership clubs including the Good Sam Club,
the world’s largest RV owner’s organization. Affinity also operates
numerous consumer and business Web sites, publications, including
MotorHome magazine, and shows for RV, powersports, marine and outdoor
The Ventura, Calif.-based company also owns Camping World, the largest aftermarket retailer in the RV industry with more than 75 locations throughout the United States.
Moelis & Company acted as exclusive financial advisor and sole
placement agent to Affinity in connection with the refinancing.
For more information, visit www.affinitygroup.com.