financetom
Business
financetom
/
Business
/
Dycom Industries Raises Term Loan Credit Facility to $450 Million
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
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

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Enerpac Misses Q4 EPS Expectations, Warns Of Industrial Slowdown In FY25
Enerpac Misses Q4 EPS Expectations, Warns Of Industrial Slowdown In FY25
Oct 17, 2024
Enerpac Tool Group Corp. ( EPAC ) shares are trading lower after the company reported worse-than-expected fourth-quarter EPS results. The company reported revenue from continuing operations of $158.7 million, down 1.2% Y/Y and above the consensus of $156.7 million. Organic sales grew 0.9%, with product sales down 0.8% and service revenues up 9.7%. In the quarter, IT&S reported net sales of $153.4 million, nearly flat year-over-year...
Verisk Analytics Estimates Up to $50 Billion in Insured Industry Losses From Hurricane Milton
Verisk Analytics Estimates Up to $50 Billion in Insured Industry Losses From Hurricane Milton
Oct 17, 2024
06:59 AM EDT, 10/16/2024 (MT Newswires) -- Verisk Analytics ( VRSK ) said Wednesday it estimates that insured industry losses for onshore property due to Hurricane Milton will range from $30 billion to $50 billion. The estimate includes losses from wind, privately insured storm surge, and privately insured precipitation-induced flood losses resulting from Milton's landfall in Florida. The majority of...
Freeport to delay Indonesian copper sales to second quarter of 2025 after fire, sources say
Freeport to delay Indonesian copper sales to second quarter of 2025 after fire, sources say
Oct 17, 2024
LONDON (Reuters) - U.S. copper miner Freeport McMoRan ( FCX ) will postpone its sales of refined copper from Indonesia until the second quarter of 2025 as a fire at its new smelter causes a further production delay, two sources with knowledge of the matter said. Long production delays at the new Manyar smelter, with an output capacity of 480,000...
Cornish Metals Secures Credit Facility With Vision Blue Resources for South Crofty Tin Project
Cornish Metals Secures Credit Facility With Vision Blue Resources for South Crofty Tin Project
Oct 17, 2024
06:58 AM EDT, 10/16/2024 (MT Newswires) -- Cornish Metals ( SBWFF ) on Wednesday said it has entered into a non-dilutive secured credit facility of 7 million British pounds with Vision Blue Resources to develop its South Crofty tin project in Cornwall, U.K. The proceeds of the facility will be used for the company's general operating and corporate purposes. We...
Copyright 2023-2026 - www.financetom.com All Rights Reserved