LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--
Camping World Holdings, Inc. (NYSE: CWH) (“Camping World” or the
“Company”) announced today a proposed secondary offering of 6,700,000
shares of its Class A common stock (the “Class A Common Stock”) by
certain selling stockholders of Camping World, which includes 6,000,000
shares of Class A Common Stock offered by certain affiliates of
Crestview Advisors, L.L.C. (the “Crestview Selling Stockholders”) and
700,000 shares of Class A Common Stock offered by CWGS Holding, LLC, a
wholly owned subsidiary of ML Acquisition Company, LLC, which is
indirectly owned by each of Stephen Adams, a member of Camping World’s
board of directors, and Marcus Lemonis, Camping World’s Chairman and
Chief Executive Officer (the “CWGS Holding Selling Stockholders” and,
together with the Crestview Selling Stockholders, the “Selling
Stockholders”), pursuant to a registration statement filed on Form S-1
with the Securities and Exchange Commission (the “SEC”). Additionally,
the Selling Stockholders intend to grant the underwriters a 30-day
option to purchase up to an aggregate of 1,005,000 additional shares of
Class A Common Stock, which includes 900,000 shares of Class A Common
Stock offered by the Crestview Selling Stockholders and 105,000 shares
of Class A Common Stock offered by the CWGS Holding Selling
Stockholders. The offering consists entirely of secondary shares of
Class A common stock to be sold by the Selling Stockholders. Camping
World will not receive any proceeds from the sale of the shares of Class
A Common Stock by the Selling Stockholders.
Goldman Sachs & Co. LLC and J.P. Morgan are serving as joint lead
book-running managers and as representatives of the underwriters for the
offering. BofA Merrill Lynch and Credit Suisse are also acting as joint
book-running managers for the offering. Baird, BMO Capital Markets,
KeyBanc Capital Markets, Stephens Inc. and Wells Fargo Securities are
acting as co-managers for the offering.
The offering will be made only by means of a prospectus. A copy of the
preliminary prospectus relating to the offering, when available, may be
obtained from any of the following sources:
-
Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West
Street, New York, New York 10282, via telephone: 1-866-471-2526, or
via email: prospectusgroup-ny@ny.email.gs.com;
or
-
J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, NY 11717, or via telephone:
1-866-803-9204.
A registration statement on Form S-1 relating to these securities has
been filed with the SEC but has not yet become effective. These
securities may not be sold nor may offers to buy be accepted prior to
the time the registration statement becomes effective. This press
release shall not constitute an offer to sell or the solicitation of an
offer to buy, nor shall there be any sale of these securities in any
state or jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities
laws of any such state or jurisdiction.
About Camping World Holdings, Inc.
Camping World, headquartered in Lincolnshire, Illinois, is the leading
outdoor and camping retailer, offering an extensive assortment of
recreational vehicles for sale, RV and camping gear, RV maintenance and
repair and the industry’s broadest and deepest range of services,
protection plans, products and resources. Since the Company’s founding
in 1966, Camping World has grown to become one of the most well-known
destination for everything RV, with over 137 retail locations in 36
states and comprehensive e-commerce platform.
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Source: Camping World Holdings, Inc.