Watsco Forms Carrier Enterprise Joint Venture with Carrier Corporation

Watsco, Inc. amended its $300 million revolving credit agreement with Bank of America in connection with the formation of Carrier Enterprise, LLC, a joint venture with Carrier Corporation. This represents a significant platform formation in the HVAC distribution space.

“On July 1, 2009, Watsco, Inc. (the “Company”) amended its unsecured, five-year $300,000,000 revolving credit agreement (the “Credit Agreement”) with Bank of America, N.A. in connection with the Company’s formation of Carrier Enterprise, LLC, a joint venture with Carrier Corporation.”

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