Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
EMCOR Group, Inc. amended revolving credit of $1.30 billion with Bank of Montreal, as Agent, and other lenders at ranging from 1.125% to 1.875% over the term secured overnight financing rate or maturing December 20, 2028.
- Instrument
- revolving credit
- Principal
- $1.30 billion
- Counterparty
- Bank of Montreal, as Agent, and other lenders
- Rate
- ranging from 1.125% to 1.875% over the term secured overnight financing rate or
- Maturity
- December 20, 2028
- Event
- amendment
Exact text from the filing
The 2023 Credit Agreement provides for a $1.30 billion five year revolving credit facility under which the Company may borrow up to $1.30 billion and EMCOR UK may borrow up $100.0 million. The Company has the ability to increase the revolving credit facility by up to an additional amount equal to the greater of (a) $900 million and (b) the Company’s Adjusted EBITDA (as such term is defined in the 2023 Credit Agreement) for the twelve-month period then ended. Such increase will be accommodated by either existing lenders (if they so choose) and/or new eligible lenders. The 2023 Credit Agreement contains customary financial covenants, representations and warranties and events of default. The Company’s obligations under the 2023 Credit Agreement are guaranteed by substantially all of its U.S. subsidiaries and secured by substantially all of the assets of the Company and the guarantors, in each case, subject to certain customary exceptions. All outstanding borrowings under the 2023 Credit A
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
EMCOR Group, Inc. amended Seventh Amended and Restated Credit Agreement with Bank of Montreal, as Agent, and certain other lenders valued at $1.30 billion (effective 2023-12-20).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Bank of Montreal, as Agent, and certain other lenders
- Value
- $1.30 billion
- Effective
- 2023-12-20
Exact text from the filing
On December 20, 2023, EMCOR Group, Inc. (the “Company”), EMCOR Group (UK) plc., a wholly-owned subsidiary of the Company (“EMCOR UK”), and the other Borrowers and Guarantors (each as defined therein) party thereto entered into the Seventh Amended and Restated Credit Agreement (the “Credit Agreement Restatement”) dated as of December 20, 2023 with Bank of Montreal, as Agent, and certain other lenders listed on the signature pages thereof.
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