Akin Gump Advises Oaktree in RumbleOn Business Combination with RideNow
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(Houston) – RumbleOn, Inc., the nation’s largest retailer of powersports vehicles and first omnichannel customer experience in powersports, announced the closing of its previously announced business combination with RideNow, acquiring 100% of the RideNow dealership portfolio.
A team from Akin Gump represented funds managed by Oaktree Capital Management, L.P. (“Oaktree”), a leading global alternative investment management firm, as sole lead arranger with respect to providing $400 million in term loan and delayed draw term loan financing to RumbleOn, Inc. in connection with the combination.
Additional information about the deal may be found here.
The Akin Gump team advising Oaktree was led by debt finance partner Chad Nichols and included partner Elazar Guttman and associates Christopher Henry and Marissa Etter.
Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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