CSW Industrials Increases Revolving Credit Facility to $500 Million

CSW Industrials, Inc. and its subsidiary CSW Industrials Holdings, LLC amended their Second Amended and Restated Credit Agreement to increase the revolving credit facility commitments from $400 million to $500 million by utilizing a portion of the accordion feature. The amendment also replaced the Eurocurrency Rate interest metric with Term SOFR for U.S. Dollar borrowings.

“On December 15, 2022, the Company and the Borrower, together with certain of the Borrower’s subsidiaries as loan parties, entered into an Incremental Assumption Agreement No. 1 and Amendment No. 2 to the Second Credit Agreement (the “Second Amendment”) to utilize a portion of the Second Credit Agreement’s $150.0 million incremental “accordion” feature, increasing the Commitment from $400.0 million to $500.0 million (which also reduced the available incremental commitment by a corresponding amount).”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.