LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--
Camping World Holdings, Inc. (NYSE:CWH) (“Camping World” or the
“Company”) announced today the closing of the previously announced
offering of shares of its Class A common stock (the “Class A Common
Stock”) at a public offering price of $27.75 per share, which includes
4,000,000 shares of Class A Common Stock offered by Camping World and
5,500,000 shares of Class A Common Stock offered by certain affiliates
of Crestview Advisors, L.L.C. (collectively, the “Selling Stockholders”)
pursuant to a registration statement filed on Form S-1 with the
Securities and Exchange Commission (the “SEC”). Additionally, the
Company and the Selling Stockholders have granted the underwriters a
30-day option to purchase up to an aggregate of 1,425,000 additional
shares of Class A Common Stock, which includes 600,000 shares of Class A
Common Stock offered by Camping World and 825,000 shares of Class A
Common Stock offered by the Selling Stockholders. The proceeds of the
primary portion of the offering were used by Camping World to purchase
4,000,000 common units (or 4,600,000 common units if the underwriters
exercise their option in full to purchase additional shares of Class A
Common Stock) directly from CWGS Enterprises, LLC (“CWGS, LLC”), at a
price per unit equal to the public offering price per share of Class A
common stock in the offering, less the underwriting discounts and
commissions. CWGS, LLC intends to use the net proceeds from the sale of
common units to Camping World for general corporate purposes, including
the funding of the acquisition of certain assets of Gander Mountain
Company and its Overton’s, Inc. boating business, including the related
re-opening and initial working capital needs of the Company’s current
goal to operate 70 or more retail locations and certain liabilities that
Camping World will assume in connection therewith. Camping World did 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 served as joint lead
book-running managers and as representatives of the underwriters for the
offering. BofA Merrill Lynch and Credit Suisse also acted as joint
book-running managers for the offering. Baird, BMO Capital Markets,
KeyBanc Capital Markets, Stephens Inc. and Wells Fargo Securities acted
as co-managers for the offering.
The offering was made only by means of a prospectus. A copy of the final
prospectus can be accessed through the SEC’s website at www.sec.gov
or 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: prospectus-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 declared effective by the SEC. 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 Holdings, Inc. (NYSE: CWH) is the only provider of a
comprehensive portfolio of services, protection plans, products and
resources for recreational vehicle (“RV”) enthusiasts. Through its two
iconic brands, Camping World and Good Sam, the company offers new and
used RVs for sale, vehicle service and maintenance along with more than
10,000 products and services through its retail locations and membership
clubs. Good Sam branded offerings provide the industry’s broadest and
deepest range of services, protection plans, products and resources
while the Camping World brand operates the largest national network of
RV-centric retail locations in the United States through over 130 retail
locations in 36 states and an e-commerce platform. With both brands
founded in 1966, product and service offerings are based on 50 years of
experience and customer feedback from RV enthusiasts.
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Source: Camping World Holdings, Inc.