RV, Outdoor Recreation Leader, Affinity, Announces $144 Million Financing Deal- Roaming Times press release

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RV, Outdoor Recreation Leader, Affinity,
Announces $144 Million Financing Deal
 
VENTURA, Calif. (March 3, 2010)
- Affinity, the nation's largest provider of outdoor recreation clubs, services, media and events, 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 multi-media 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 and shows for RV, powersports, marine and outdoor enthusiasts.

The company also owns Camping World, the largest after market 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.




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