debt
confidence high
sentiment positive
materiality 0.65
Comfort Systems USA increases credit facility to $850M and extends to 2027
COMFORT SYSTEMS USA INC
- Facility increased from $600M to $850M; option for additional $250M or 1.0x Consolidated EBITDA.
- New five-year term expires July 5, 2027 with improved economic terms and more favorable covenants.
- Greater flexibility for acquisitions, dividends, and stock buybacks based on Net Leverage thresholds.
- Wells Fargo Bank is Lead Arranger and Administrative Agent for the syndicated facility.