all us and X the thank ago. Good for months just speaking Jeff. first you today. with morning, joining you, Thank since time appointment to pleased be my I'm for you everyone,
deep be with familiarity executive history company I flagship overseeing Lazydays for Lazydays with our to have storied XX-year excited colleagues Tampa return company, and where and at all working prior to locations, my a leadership before the dealership industry I admiration As the brand. position. I its managed to am
end, this assets, dealership future. Friday that announcement of the as last reshape which know, with provide embarked kickstarted and of the changes portfolio. certain We a strengthened significantly Lazydays foundation structure to transformative focused on a together for journey a to To the and significant including you sales transactions, our more capital company with we've of financial series journey
indirect Holdings, dealerships service we sell to Inc. certain of Camping common for $XX.X plus inventory to million, Specifically, agreed for World in X progress. a stock subsidiaries cash work combined and and issue additional
of liquidity PIPE Alta capital to respect them With when asset sheet $X one underlying for and supportive operations. Coliseum earnings We power immediate each agreed balance manages, and additional Management million. associated a Fundamental we equity X dealership delevering our streamline to Capital finalized, to with in the the improve Advisors operational our of of our of will the a of to also footprint $XX and our separate with These previously closed $X.XX common at business. sell per million and sales support investors, accounts turn, buyer providing a company closed the additional share structure,
purchase future PIPE We same the as the opportunity also our of announced plans allowing as to million per shareholders to the at and common Camping all record launch share, World. at date, stock a rights a offering $XX $X.XX investors of price
record date, the information. Form contacting on and filing of S-X and we set We Commission. we after with will statement a be soon shareholders with registration And Exchange effective Securities record it is U.S. be additional declared will a
to million our share. of dividend $XX other Importantly, preferred million, outstanding stock $X preferred at per important as common preferred eliminates of for structure $X.XX This convertible our of requirements capital stock enhancement all annual and it preference agreed we stockholder also stock preferred is to our exchange liquidation an rights.
having rights. same We with will now of stock one have common all the class shareholders
an covenant we with our M&T quarter Bank, executed facility led amendment XXXX. the our group to through providing significant flexibility lender by of credit Lastly, first financial
In of that a turnaround. to turning gives these point our paydown a flexibility mark to meaningful transactions execute us continue we we for this trajectory balance, Lazydays. our the addition believe the to of revolver operational amendment need Collectively,
of I'm all the but taken can including partners change were challenging, OEM shareholders, allows business. for RV our success. to more This new stronger navigate optimistic be a To creditors, for landscape.
Today, especially I with careful we be and our equipped about sure, future customers, long-term that's building know and better in a lenders, stakeholders, and agile recapitalization begin these incredibly employees. one evolving stronger, steps our us consideration growth chapter emerge Lazydays, poised dedicated to the
innovation, of our We relationships industry financing to best providing fostering be with experience in to and continue OEM partners deepening sales to RV in people, our the beyond. culture valued and from committed the service our a and investing
streamlined on we balance can we do believe and operational an dealership just that our profitability. a sheet path and and to charting performance, with ahead, Looking back while network, simplified acute a focus
their for want I our to thank work, to commitment entire resilience hard Lazydays. unwavering team and
for to driving excited thank to We're you support. our behind your partners, on confidence our journey the And is and dedication investors Your together. and continued embark lenders, force success. this
With that, our more who the most strategic and call to transactions. turn results to will impacts details of Jeff, I'd like financial on our back provide quarterly recent the
