CSW Industrials Secures $1.3B Credit Facility to Fund Acquisition

CSW Industrials entered into a Fourth Amended and Restated Credit Agreement providing a $700 million revolving credit facility and a new $600 million senior secured term loan A facility. The proceeds were used to finance the MARS Parts acquisition and for general corporate purposes, including future acquisitions.

“The Fourth Credit Agreement, among other things, provides for: (i) the continuation of the existing revolving credit facility in the aggregate principal committed amount of up to $700.0 million (the “RCF”); (ii) the extension of the maturity date of the RCF until five years after the Closing Date; and (iii) the establishment of a new senior secured term loan “A” credit facility (the “TLA”) in an aggregate principal amount of up to $600.0 million, available in a single drawing on the Closing Date, and with a maturity date of five years after the Closing Date.”

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