debt
confidence high
sentiment positive
materiality 0.75
Limbach increases revolver to $125M, gets lender consent for CYMCOR acquisition
Limbach Holdings, Inc.
- Revolving credit facility increased from $100M to $125M with Wheaton Bank & Trust.
- Applicable margins reduced based on Senior Leverage Ratio; new pricing grid effective.
- Lenders consent to acquisition of CYMCOR, Inc. for total consideration exceeding $25M.
- Amendment revises definitions and use of proceeds to include Permitted Acquisitions.
- No default or event of default after giving effect to the amendment.