Camping World announces $300M Class A common stock offering

Camping World (CWH) Holdings announced a proposed offering of $300M of its Class A common stock pursuant to a registration statement filed on Form S-3 with the SEC. The proceeds of the offering will be used by Camping World to purchase common units directly from CWGS Enterprises, 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 strengthening the balance sheet, working capital for growth and debt pay down. Goldman Sachs & Co. and J.P. Morgan are serving as joint lead book-running managers and as representatives of the underwriters for the offering. BofA Securities, Wells Fargo Securities, KeyBanc Capital Markets, BMO Capital Markets and Baird are also acting as joint book-running managers for the offering.