Limbach Amends and Restates Credit Agreement to Fund Acquisition

In connection with the Jake Marshall Transaction, Limbach Facility Services LLC entered into an Amended and Restated Credit Agreement providing a $35.5 million senior secured term loan and a $25 million senior secured revolving credit facility. A portion of the term loan was used to fund the acquisition.

“In accordance with the terms of the A&R Credit Agreement, Lenders are providing to Borrower (i) a $35.5 million senior secured term loan (the “Term Loan”); and (ii) a $25 million senior secured revolving credit facility with a $5 million sublimit for the issuance of letters of credit (the “Revolving Loan” and, together with the Term Loan, the “Loans”). The overall Term Loan Commitment under the A&R Credit Agreement was recast at $35.5 million in connection with the amendment and restatement of the credit agreement. A portion of the Term Loan commitment will be used to fund the Closing Purchase Price.”

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