Watsco Inc. Increases Credit Facility to $600M and Extends Maturity

Watsco, Inc. and its subsidiary Watsco Canada, Inc. amended their syndicated credit agreement to increase the borrowing capacity from $500 million to $600 million and extend the maturity date to July 1, 2019. The amendment also increased the swingline subfacility from $65 million to $90 million.

“On June 25, 2014, the Borrowers, the Administrative Agent and the Lenders entered into Amendment No. 3 to the Credit Facility (the “Third Amendment”), which increased the borrowing capacity under the Credit Facility from $500,000,000 to $600,000,000, extended the maturity date from July 1, 2018 to July 1, 2019, increased the swingline subfacility from $65,000,000 to $90,000,000 and modified certain definitions.”

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