RideNow Group has secured a $220 million senior secured term loan with Centerbridge Partners, extending its debt maturity to September 2031. This refinancing replaces its previous loan with Oaktree Fund Administration, reducing near-term debt risks and improving financial flexibility. The company is also negotiating a $50 million asset-based lending facility with Wells Fargo to lower borrowing costs and optimize its capital structure. These moves come as RideNow adopts a new FTC-compliant pricing model and completes a strategic acquisition, positioning the company for long-term growth.
RideNow Group's refinancing and loan discussions provide context for market watchers. For readers following the Consumer Cyclical sector, here is Pluang's market snapshot as of Sep 28, 2026 19:31 WIB: Out of 112 priced US stocks, 23 rose and 72 fell. Notable prices include FNKO at USD 5.39 with a -2.00% change, YUMC at USD 41.27 with a +1.98% change, and RACE at USD 403.80 with a -1.83% change.
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