RideNow Group secures $220 million senior secured term loan from Centerbridge affiliates

• RideNow Group entered a USD 220 million senior secured term loan credit agreement with Centerbridge affiliates, with Alter Domus as agent.
• Proceeds refinanced and terminated its prior 2021 term loan credit agreement with Oaktree Fund Administration on Sept. 25, 2026.
• Term loans mature Sept. 25, 2031; guaranteed by certain subsidiaries; secured by first-priority liens on substantially all assets, with floor plan carve-outs.
• Pricing set at base rate + 7.375% or adjusted term SOFR (3% floor) + 8.375%, at the borrower’s option.
• Deal includes leverage covenant stepping down to 3.25x by Q2 2029; requires at least USD 15 million minimum liquidity.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. RideNow Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-063662), on September 28, 2026, and is solely responsible for the information contained therein.