DAVEY TREE EXPERT CO: debt financing — Davey Tree extends receivables facility to July 2026, ups limit to $175M

DAVEY TREE EXPERT CO

Extended RFA termination date from July 20, 2025 to July 17, 2026 (one-year extension).
Increased AR Securitization Facility limit to $175 million (prior limit not disclosed).
Four subsidiaries joined as originators via Joinder Agreement: DTS California, Davey Rail Services, DRG Grid Reliability, and Davey RC.
Wells Fargo Bank, N.A. added as a new lender under the facility.
Company reaffirmed representations and warranties; no events of default continue.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

DAVEY TREE EXPERT CO amended credit facility of $175.0 million with PNC Bank, National Association maturing July 17, 2026.

Instrument: credit facility
Principal: $175.0 million
Counterparty: PNC Bank, National Association
Maturity: July 17, 2026
Event: amendment

Exact text from the filing

The Amendment extended the scheduled termination date of the RFA, which was set to expire July 20, 2025, for another year, until July 17, 2026, unless terminated earlier pursuant to the terms of the RFA, and increased the AR Securitization Facility limit to $175.0 million

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Source: SEC EDGAR

accession 0001104659-25-069772

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