Carrier Enterprise Increases Credit Facility by $50M for Acquisitions

Carrier Enterprise, a subsidiary of Watsco Inc., amended its secured credit agreement to increase its borrowing capacity by $50 million, from $75 million to $125 million. The funds are intended for general corporate purposes, including working capital and permitted acquisitions.

“Carrier Enterprise, LLC (“Carrier Enterprise”), a subsidiary of Watsco, Inc. (the “Registrant”), amended its secured credit agreement with Wells Fargo Bank, N.A., as administrative agent for the lenders thereunder (the “Credit Facility”), pursuant to which the aggregate amount of borrowings available to Carrier Enterprise under the Credit Facility was increased by $50.0 million, from $75.0 million to $125.0 million. Borrowings under the Credit Facility will be used by Carrier Enterprise for general corporate purposes, including working capital and permitted acquisitions.”

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