Recreational boat dealer MarineMax Inc. has expanded its main financing facility, increasing its borrowing capacity to $205 million.
The Clearwater company anticipates a long-term cycle of growth in the marine industry and decided increased liquidity was needed to capitalize on growth opportunities, according to a written statement.
MarineMax (NYSE: HZO) now has a three-year facility with two options to renew, with borrowings under the facility secured primarily through inventory financed by the…
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