Watsco Previously Announced Acquisition of ACR Group

The credit agreement references Watsco's previously announced acquisition of ACR Group, Inc., indicating a pending or planned M&A transaction in the HVAC distribution space.

“Borrowings under the New Credit Facility will be used for general corporate purposes, including working capital, dividends, stock repurchases and permitted acquisitions, including the Company’s previously announced acquisition of ACR Group, Inc.”

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