EMCOR Group Enters $1.30 Billion Revolving Credit Facility

EMCOR Group, Inc. and its UK subsidiary entered into a Seventh Amended and Restated Credit Agreement providing a $1.30 billion five-year revolving credit facility, with an option to increase the facility by up to an additional $900 million or more based on EBITDA. The facility matures on December 20, 2028, and is guaranteed by substantially all U.S. subsidiaries and secured by assets.

“The 2023 Credit Agreement provides for a $1.30 billion five year revolving credit facility under which the Company may borrow up to $1.30 billion and EMCOR UK may borrow up $100.0 million. The Company has the ability to increase the revolving credit facility by up to an additional amount equal to the greater of (a) $900 million and (b) the Company’s Adjusted EBITDA (as such term is defined in the 2023 Credit Agreement) for the twelve-month period then ended.”

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