IES Holdings ups revolving credit facility to $300M, extends maturity to 2030

IES Holdings, Inc.

Revolver increased from $150M to $300M; maturity extended to January 21, 2030.
Facility transitions from asset-based to cash-flow based, increasing borrowing capacity and removing collateral limitations.
Financial covenants: max Total Leverage Ratio 3.00x, min Interest Coverage Ratio 3.00x.
Interest rate options: Base Rate + 0.50%-1.25% or SOFR + 1.50%-2.25%; commitment fee 0.25%-0.35% on unused portion.
CEO Jeff Gendell says facility strengthens capital allocation for organic growth, acquisitions, share repurchases.

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