Comfort Systems USA Funds Walker Acquisition via Senior Credit Facility

Comfort Systems USA funded the cash portion of the Walker acquisition through borrowings under its $400 million senior credit facility provided by a syndicate of banks. The initial cash payment was approximately $178 million, with additional notes and earn-out payments.

“The Company’s cash payments upon consummation of the Acquisition were funded by borrowings under the Company’s $400.0 million senior credit facility provided by a syndicate of banks, which facility is described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018.”

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