Winnebago Industries Renews and Extends $350 Million Asset-based Revolving Credit Facility

Winnebago Industries, Inc.  announced the renewal and extension of its asset-based revolving credit facility (“ABL Credit Facility”), reinforcing the company’s strong liquidity position and disciplined approach to capital allocation.

The ABL Credit Facility maintains total commitments of $350.0 million and extends the maturity date by four years to August 2031. It replaces the company’s previous asset-based revolving credit facility, which was scheduled to mature on July 15, 2027. JPMorgan Chase Bank, N.A., served as Administrative Agent for the transaction.

“The successful renewal and extension of this facility reflect the strength of our banking relationships and reinforces our financial position,” said Bryan L. Hughes, chief financial officer at Winnebago Industries. “The facility provides continued financial flexibility as we navigate evolving market conditions while investing in our brands, innovation initiatives and operational capabilities and maintaining a disciplined approach to capital allocation to create long-term value for shareholders.”