Watsco Completes $750 Million Unsecured Senior Credit Facility
Watsco signed a new five-year $750 million unsecured senior revolving credit facility led by Bank of America with JPMorgan, PNC, Wells Fargo and U.S. Bank as joint lead arrangers. The facility amends and extends the existing revolver; initial borrowings repaid $69.7 million outstanding under the prior facility, with additional capacity available for working capital, acquisitions and dividends.
Key figures
- Deal Value Usd
- 750000000
- Facility term
- five years
- Repaid under prior facility
- 69700000
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