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Onewater Marine Inc. Completes Floorplan Financing Expansion

Onewater Marine Inc. Completes Floorplan Financing Expansion

01/04/22, 7:00 AM
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 Info

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