Comfort Systems USA, Inc., a leading company providing commercial, industrial, institutional heating, ventilation, air conditioning and electrical contracting services announced that, it has now amended the company’s existing senior debt facility for the purpose of increasing the credit commitment amount and also for extending the term of 5th July 2027.
Brain Lane, CEO and president of Comfort Systems USA said, they have been incredibly pleased that, their lenders have been graciously provided them with the additional capacity along with improved economic terms and the increased flexibility as they have been continuously seeking to invest in their people and also creating value for their stockholders.
He also said that, the facility is complementing their strong balance sheet and demonstrating the strength in an industry where the owners has especially valuing the strong partners financially. This new facility is including the improved credit costs, along with greater capacity and some more favourable covenants and the amendment is also providing the added flexibility along with respect to the acquisitions, stock buybacks and dividends.
Brian Lane has also concluded that, this long-term facility is going to be supporting their operations and funding the continuous investment and also strengthening their ability for returning the case to the stockholders of the company.