Comfort Systems USA, Inc., a leading provider of mechanical services including heating, ventilation, air conditioning, plumbing, piping and controls, announced that it has amended its existing senior debt facility to increase the credit commitment amount to $325 million and to extend the term to February 22, 2021. Wells Fargo Bank, National Association will serve as Administrative Agent for the facility. BOKF, NA dba Bank of Texas was named Syndication Agent, and Capital One, N.A. and Branch Banking and Trust Company were named Co-Documentation Agents. The Company also welcomes SunTrust Bank to its core group of lenders.
The credit commitment under the facility has increased from $250 million to $325 million, and the facility has a new five-year term. The facility continues to provide advantageous credit costs, reasonable covenants, and overall flexibility for the Company. This amendment also includes additional flexibility with respect to acquisitions, dividends and stock buybacks.
Comfort Systems USA is a premier provider of business solutions addressing workplace comfort, with 94 locations in 85 cities around the nation.