Lazydays Holdings amends waiver on credit agreement, extends deadline

Lazydays Holdings, Inc. (NASDAQ:GORV), a retail auto dealer with annual revenue of $662.95M and currently rated as having weak financial health according to InvestingPro, announced that on August 29, 2025, it entered into a First Amendment to Limited Waiver and Consent related to its existing credit agreement with Manufacturers and Traders Trust Company and other lenders. The information is based on a press release statement included in a recent SEC filing.

The amendment modifies a previous waiver, originally effective from July 31, 2025, which had granted Lazydays temporary waivers for certain potential defaults under its credit facility. These waivers addressed the company’s failure to make specific vehicle curtailment payments due on or about August 1, 2025, and certain interest payments due on July 31 and August 1, 2025.

Under the new amendment, the waiver is expanded to include the company’s failure to make additional vehicle curtailment payments due on or about September 2, 2025, as well as interest payments due on August 28 and September 2, 2025. The amendment also extends the deadline by which Lazydays must either provide indications of interest for raising new capital or deliver draft filings related to potential debtor relief actions. This deadline, originally set for August 22, 2025, is now extended to September 5, 2025.

The waiver period remains effective until the earlier of 11:59 p.m. Eastern Time on September 12, 2025, or the occurrence of another default under the credit agreement.

Lazydays Holdings operates in the retail auto dealers sector and is incorporated in Delaware. Its common stock is listed on the Nasdaq Capital Market under the symbol GORV. The company’s market capitalization stands at $10.57M, with the stock down nearly 95% over the past year. InvestingPro analysis suggests the stock is currently trading below its Fair Value, with 15 additional key insights available to subscribers.

In other recent news, Lazydays Holdings, Inc. announced its financial results for the second quarter, reporting a net loss of $6.67 per share on revenue of $131.3 million. This development comes as the company continues its turnaround efforts despite experiencing significantly lower sales volumes. The latest earnings report highlights an improvement in margins, which contributed to narrowing the overall loss. These financial results are part of Lazydays’ ongoing strategy to address challenges in the recreational vehicle market. Investors and analysts are closely monitoring the company’s performance as it navigates these market conditions. The report provides insight into Lazydays’ efforts to stabilize its financial position amid a competitive industry landscape.

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