EMCOR Group Secures $300M Term Loan for Acquisition

EMCOR Group, Inc. entered into a Term Loan Agreement with Bank of Montreal and other lenders for a $300 million term loan, with an option to increase borrowings by up to $150 million. The loan is secured by substantially all assets of the company and its U.S. subsidiaries.

“The Loan Agreement provides for a term loan to the Company of $300,000,000. If the Company so desires it may identify one or more additional lenders (which may include existing Term Loan Lenders) willing to participate, or increase their participation, in the Loan Agreement, and thereby increase the Company’s borrowings under the Loan Agreement by up to an additional $150,000,000”

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