MarineMax gets new credit facility

Clearwater, Fla. Boat seller MarineMax said Friday that it had a new $100 million financing facility with GE Capital.

The three-year facility replaces a previous one and may be increased to $150 million if it's approved by the lender. It also has two, one-year renewal options.

The company said its inventory will be collateral for the loan.

MarineMax is the nation's largest recreational boat and yacht seller.