RideNow Group has entered a $220 million senior secured term loan agreement with affiliates of Centerbridge Partners, L.P., replacing its existing term loan with Oaktree Fund Administration, LLC. The new debt bears interest at Adjusted Term SOFR plus 8.375% annually and matures on September 25, 2031. The company is also in advanced discussions with Wells Fargo Bank, N.A. for a proposed $50 million ABL facility (asset-based lending facility) priced at Daily Simple SOFR plus 2.25%. RideNow says the proposed facility would lower funding costs, support its capital structure and replace its existing Wells Fargo floorplan facility, subject to approval and definitive documentation. The company also cited its Clear Price pricing model, an August short-term impact from adopting Federal Trade Commission-compliant pricing, and a completed Can-Am and Sea-Doo dealership acquisition in Tallahassee.