Thor Industries Inc. today (Feb. 3) announced that it had made the second of two $10 million loans to Steven Adams, the majority owner of FreedomRoads Holding Company, one of Thor’s leading customers, and Camping World.
“This arrangement with FreedomRoads does not affect in any way the commitment we have with our existing dealer partners,” said Wade F.B. Thompson, chairman of Jackson Center, Ohio-based Thor. “Since our founding, we have been committed to doing business with the utmost integrity and fairness. For sure, there is no favoritism here. We will continue to treat all our dealers fairly. That will not change.”
He added, “All dealers can rely on us to not only provide the most competitive products but, importantly, the assurance that we will remain in business in these unprecedented times to support them, pay warranty claims and stand behind our products.”
Thor provided notice of the loan to the Securities Exchange Commission (SEC).