Limbach replaces Wintrust facility with $300M PNC credit agreement maturing 2031

Limbach Holdings, Inc.

New PNC facility: $200M revolver, $50M term loan, $50M delayed draw term loan; matures Sept 9, 2031.
Repaid ~$118.1M of Wintrust principal; no early termination penalties or prepayment fees incurred.
Prior Wintrust facility was $125M revolver; new facility adds $175M of incremental capacity.
Covenants: max net leverage 3.00x (3.50x for qualifying acquisitions), min fixed charge coverage 1.15x.
~$7.0M of existing letters of credit remain outstanding until expiration (latest April 2027), cash-collateralized.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.