Carrier Enterprise Secures $75M Credit Facility

Carrier Enterprise, LLC, a subsidiary of Watsco, Inc., entered into a secured three-year $75 million credit agreement with a syndicate of lenders led by Wells Fargo Bank and J.P. Morgan Securities. This financing supports the company's operations and liquidity.

“on July 1, 2009, Carrier Enterprise, LLC (“Carrier Enterprise”), a subsidiary of Watsco, Inc. (the “Company”), entered into a secured, three-year $75,000,000 credit agreement (the “Credit Agreement”) with three lenders, Wells Fargo Bank, N.A. as Joint Lead Arranger, Joint Bookrunner and Administrative Agent, J.P. Morgan Securities, Inc. as Joint Lead Arranger and Joint Bookrunner, and J.P. Morgan Chase Bank, N.A., as Syndication Agent.”

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