Lazydays Holdings, Inc. Enters into Letter of Intent with Campers Inn for Asset Sale

Lazydays Holdings, Inc. has entered into a non-binding letter of intent (LOI) with Campers Inn Holding Corporation for the sale of substantially all of its assets. The LOI outlines a transaction where Campers Inn or a new holding company (NewCo) will acquire assets including furniture, fixtures, equipment, parts, goodwill, and recreational vehicle inventory for $30 million. The transaction also includes the purchase of real estate at specified percentages of appraised value. The LOI imposes binding obligations on Campers Inn regarding a $1 million deposit and on Lazydays regarding exclusivity and a $10 million termination fee. The transaction is expected to close by December 1, 2025, subject to certain conditions. Additionally, Lazydays has entered into an amended and restated limited waiver and consent with its lenders to temporarily waive potential defaults related to its credit agreement.