SOURCE: Camping World

Camping World

March 03, 2010 17:12 ET

Camping World Closes on Financing With SunTrust Bank

BOWLING GREEN, KY--(Marketwire - March 3, 2010) -  Camping World, America's largest direct marketer and specialty retailer of RV and outdoor camping accessories, announced today that it has secured a new credit facility with SunTrust Bank.

Marcus Lemonis, Camping World Chairman & CEO, replied, "We are excited about the relationship we have developed with SunTrust Bank. The credit facility provides Camping World with the flexibility, stable capital structure and capacity to continue to execute our operating strategy and service our customers. The terms and conditions of the amended facility allow the company to meet our objectives and further solidify our position as the industry leader."

"SunTrust is pleased to have assisted Camping World with its financial needs by way of this transaction," said Amy Burnstine, Director of Asset Based Lending at SunTrust Robinson Humphrey.

About Camping World

Camping World is America's largest direct marketer and specialty retailer of RV and outdoor camping accessories, RV Sales, RV Rentals and services. Over 8,000 quality products are available nationwide through retail SuperCenters, a well-established catalog call center and an award-winning Web site. The company has grown from a single store in Bowling Green, KY to more than 75 SuperCenters with more than 500 service bays. Camping World also provides expanded products and services to enhance and protect the RV lifestyle including: the President's Club customer loyalty program; the Tow Center of America; Insurance, RV tours, Service and Collision centers; Detail and Refurbishment centers known as the RV SPA, and RV View Magazine. Visit CampingWorld.com for more details.

About SunTrust Robinson Humphrey

SunTrust Robinson Humphrey is the full-service corporate and investment banking arm of SunTrust Banks, Inc. and is headquartered in Atlanta, Georgia. It provides comprehensive capital raising, strategic advisory, risk management, and investment solutions to serve the needs of corporate clients across the nation. It also offers fixed income and equity research, sales and trading for institutional investors. 

SunTrust Robinson Humphrey has extensive experience working with public and private companies of all sizes -- from emerging growth to the Fortune 500. While the company offers a complete array of solutions and advice for companies across all industries, it also provides in-depth industry expertise and dedicated corporate and investment banking practices for certain core sectors, including consumer and retail, energy, financial services and technology, healthcare, industrials and financial sponsors.

More information on SunTrust Robinson Humphrey can be found at suntrustrh.com.