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Dycom Industries Raises Term Loan Credit Facility to $450 Million
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Dycom Industries Raises Term Loan Credit Facility to $450 Million
May 17, 2024 8:27 AM

11:05 AM EDT, 05/17/2024 (MT Newswires) -- Dycom Industries ( DY ) said Friday it amended and restated a credit agreement to extend the maturity date to Jan. 15, 2029, from April 1, 2026, and raise its term loan credit facility to $450 million from $350 million.

The company maintained its revolving credit facility at $650 million, according to a filing with the US Securities and Exchange Commission.

Dycom said the revolver under agreement contains a $200 million sublimit for the issuance of letters of credit and a $50 million sublimit for swingline loans.

Price: 147.63, Change: +0.15, Percent Change: +0.10

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