debt
confidence high
sentiment neutral
materiality 0.40
CSWI upsizes revolving credit facility by $100M to $500M, switches to Term SOFR
CSW INDUSTRIALS, INC.
- Revolving commitment increased from $400M to $500M using the accordion feature.
- Amendment replaces Eurocurrency Rate with Term SOFR for USD borrowings.
- JPMorgan Chase Bank acts as administrative agent; eight lenders participate.
- Conditions: no default, compliance with financial covenants on pro forma basis.