Lennox International Increases Revolving Credit Facility by $350M

Lennox International Inc. amended its credit agreement to increase revolving commitments by $350 million to a total of $1.1 billion. The amendment also provides greater flexibility for future financings, such as a potential commercial paper program.

“Under the Second Amendment, (i) the revolving commitments under the Credit Agreement were increased by $350 million to $1.1 billion and (ii) certain representations required to be made as conditions precedent to borrowing were revised to provide the Company greater flexibility to enter into additional future financings, such as a potential commercial paper program.”

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