Dycom amends credit facility: maturity extended to 2029, term loan increased to $450M

DYCOM INDUSTRIES INC

Maturity extended from April 1, 2026 to January 15, 2029.
Term loan facility increased from $350M to $450M; revolving facility remains $650M.
At closing, no revolving borrowings outstanding; term loan fully drawn.
Financial covenant: consolidated net leverage ratio capped at 3.50x.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

DYCOM INDUSTRIES INC amended Amended and Restated Credit Agreement with Bank of America, N.A., as Administrative Agent, Swingline Lender and L/C Issuer, and other parties named therein (effective 2024-05-15).

Action: amendment
Agreement: credit facility
Counterparty: Bank of America, N.A., as Administrative Agent, Swingline Lender and L/C Issuer, and other parties named therein
Effective: 2024-05-15

Exact text from the filing

On May 15, 2024, Dycom Industries, Inc. (“Dycom”), the guarantors party thereto, the lenders named therein (the “Lenders”), Bank of America, N.A., as Administrative Agent, Swingline Lender and L/C Issuer, and other parties named therein amended and restated that certain Amended and Restated Credit Agreement, dated as of October 19, 2018 (as amended, the “Existing Credit Agreement”) in its entirety (the Existing Credit Agreement as so amended and restated, the “Amended and Restated Credit Agreement”).

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Source: SEC EDGAR

accession 0000947871-24-000490

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