1. Home
  2. Uncategorized
  3. Trailer Life's Parent Affinity Announces $144 Million Financing Deal

Trailer Life's Parent Affinity Announces $144 Million Financing Deal

Originally Published in Trailer Life Magazine

Affinity, the nation’s largest provider of outdoor recreation clubs, services, media and
events and parent company of Trailer Life 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 enthusiasts. 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.

Subscribe to Wildsam Magazine today, Camping World and Good Sam’s magazine of the open road.

Just $19.97 for a year’s subscription.

logo

Please login or register to view archived articles.

Sign In

Do not have an account? Create New Account

Menu