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Nation's Largest RV Retailer, FreedomRoads, Closes $400 Million Syndication

The nation's largest RV retailer, FreedomRoads, today announced that it has closed a $400 million floor plan syndication, the largest floor plan credit facility in the history of the RV or Boat industry. The syndication was arranged among seven banks to fund floor plan needs and is an important element in helping FreedomRoads to grow to and exceed the $2 billion sales mark.

Led by Key Bank with Bank of America as the syndication administrator, five additional financial institutions participated in the syndication including BankOne, Fifth-Third, GE Commercial Distribution Finance, M and T, and National City.

"We are all very excited to have partnered with such forward-thinking financial institutions to create a productive financial tool for growth," said Roger Nuttall, Executive Vice President and CFO of FreedomRoads. "This credit facility gives us the flexibility and financial power to aggressively and systematically build our business," he emphasized.

Key Bank Senior Vice President Kevin Von Busch commented that, "The sheer size of this syndication and the collective judgment of those institutions who participated says a great deal about how confident we all are in the strength and management of FreedomRoads, and their enviable position in an expanding industry."

Senior Vice President Ranny Burts of Bank of America added, "The industry demographics point to a continued favorable trend. FreedomRoads has uniquely positioned itself for future success. "

Over the last year FreedomRoads has successfully focused on enhancing sales productivity by instituting sophisticated sales, marketing and inventory programs. This credit facility, which will help the company more efficiently manage its inventory, is another important tool in driving sales at rates that significantly outpace the industry.

According to FreedomRoads Executive Vice President of Corporate Strategy & Initiatives Randy Thompson, "Having the right amount of inventory in the proper environment is key to selling in this industry. This credit facility is aimed at funding our floor plan needs and it's going to help us to become even an even greater force in the RV industry."

About FreedomRoads

FreedomRoads is a dynamic national network of well-established local and regional RV dealerships that have united to benefit customers, employees, suppliers and the RV industry. FreedomRoads operates as a multi-store retail chain engaged in the retail sale, finance and service of recreational vehicles.

FreedomRoads is America's largest RV retailer. It currently employs over 2000 associates and owns and operates 54 locations in 21 states including; Alabama, California, Colorado, Florida, Georgia, Illinois, Indiana, Michigan, New Hampshire, New Jersey, New Mexico, Nevada, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Utah and Washington.

FreedomRoads stocks over $300 million of new and used recreational vehicle inventory and retails over 36,000 units annually. For additional information, please visit http://www.FreedomRoads.com, where more than 9,000 recreational vehicles are available for sale.