Fundraise Apr 2020 · Miami, Florida Verified
Watsco Increases Credit Facility to $560 Million
Watsco, Inc. and its subsidiaries increased their existing syndicated multicurrency credit facility from $500 million to $560 million through a Revolving Credit Increase and Joinder Agreement dated April 10, 2020. The agreement adds Regions Bank and PNC Bank N.A. as joining lenders.
“on April 10, 2020, the Borrowers, the Administrative Agent, Regions Bank, and PNC Bank N.A. as a joining Lender entered into a Revolving Credit Increase and Joinder Agreement to the Credit Facility (the “Revolving Credit Increase Agreement”), which increased the aggregate borrowing capacity under the Credit Facility from $500,000,000 to $560,000,000.”
Entities
Watsco Inc. · Sponsor Bank of America, N.A. · Lender Branch Banking and Trust Company · Lender JPMorgan Chase Bank, N.A. · Lender PNC Bank N.A. · Lender Regions Bank · Lender U.S. Bank National Association · Lender Wells Fargo Bank, National Association · Lender
HVAC Sentiment: Neutral
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