secwatch.observer — SEC 8-K summary
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Issuer:     COMFORT SYSTEMS USA INC (FIX)
CIK:        0001035983
Form:       8-K/A
Filed at:   2022-05-27T23:59:59+00:00
Accession:  0001104659-22-065983
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Comfort Systems USA increases credit facility to $850M and extends to 2027
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- Credit commitment increased from $600M to $850M; new maturity date July 5, 2027.
- Facility includes option to increase commitments by up to $250M or 1.0x Consolidated EBITDA.
- Financial covenants: Net Leverage ≤3.50x; Interest Coverage ≥3.00x at each quarter end.
- Unlimited acquisitions allowed when Net Leverage ≤3.25x; unlimited distributions/repurchases when ≤2.75x.
- Lead arranger and administrative agent: Wells Fargo Bank, N.A.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1035983/000110465922065983/0001104659-22-065983-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1035983/000110465922065983/tm2217125d1_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-065983

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