WATSCO INC (WSO) Form 8-K — Oct 27, 2026
$WSOForm 8-KItems 1.01, 1.02, 2.03, 9.01Filed Oct 27, 2026, 5:06 PM ET0001193125-26-434422Original filing
Watsco entered into a new unsecured $750.0 million five-year syndicated multicurrency credit agreement on October 21, 2026, with Bank of America, N.A. as administrative agent, replacing its prior $600.0 million revolving credit facility. The company borrowed $69.7 million at closing to repay outstanding borrowings under the terminated prior facility, incurring no penalties. The new facility matures October 21, 2031, and includes a $375 million incremental capacity, a $150 million multicurrency sublimit, and flexible seasonal reduction options.
Key figures
- Debt Amount
- 750000000
- Interest Rate
- Term SOFR/Daily Simple SOFR plus 100.0 to 137.5 bps (100.0 bps at closing); commitment fee 10.0-17.5 bps (10.0 bps at closing)
- Maturity Date
- 2031-10-21
- Prior facility size
- 600000000
- Swing line sublimit
- 125000000
- Incremental capacity
- 375000000
- Multicurrency sublimit
- 150000000
- Outstanding at closing
- 69700000
- Letter of credit sublimit
- 10000000
- Seasonal reduction options
- [100000000,200000000,300000000]
AI analysis
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