HZO News & Events

NextBoat Inc. (NXB) announced a strategic partnership with MarineMax (HZO). Under the agreement, MarineMax becomes the first enterprise dealer group to adopt the NextBoat AI platform as its preferred wholesale partner, routing a significant and growing share of the trade-in and pre-owned inventory it liquidates through the platform-where that inventory is evaluated, marketed, and sold into NextBoat's nationwide network of wholesale buyers. As one of the highest-volume sellers of pre-owned boats in the industry - with over $2.3B in annual revenue across 120 locations worldwide - MarineMax is expected to drive increased volume across the NextBoat AI platform, which the Company believes will accelerate the growth of its marketplace, data, and financing businesses. The Company believes this relationship represents a defining milestone in its strategy to become the leading technology infrastructure for the marine industry's pre-owned marketplace.

MarineMax completed the refinancing of its $1.49B aggregate senior secured credit facilities. The new credit facilities consist of the following: $950M floor plan line of credit, replacing a similar facility; $302.5M term loan, replacing the prior facility; $150M revolving credit facility, replacing a $100M facility; $85 million delayed draw mortgage facility, of which $35M is outstanding, replacing the prior $100M facility. The Credit Facilities mature in June 2031, extending MarineMax's debt maturity profile by five years.

MarineMax announces an exclusive agreement with World Cat to introduce Ducari Yachts, a new line of luxury power catamarans, to the market. Ducari Yachts will be sold exclusively through MarineMax. The inaugural model, the Ducari 37XIV Sport, will initially be available at nine MarineMax locations in Florida.