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Onewater Marine Inc. Completes Floorplan Financing Expansion

Jan 04, 2022almost 4 years ago

Description

OneWater Marine Inc. (NASDAQ: ONEW) (“OneWater” or the “Company”) today announced it has entered into the Seventh Amended and Restated Inventory Financing Facility (“The Facility”) with Wells Fargo Commercial Distribution Finance LLC, to increase the inventory-based line of credit to $500 million, up from $392.5 million, and extend the term through December 1, 2023.

Company Information

Company

One Water

About

OneWater operates 71 stores throughout 11 different states, eight of which are in the top twenty states for marine retail expenditures.