Limbach entered into a Third Amendment to its Credit Agreement to expand its senior secured revolving credit facility to $125.0 million and reduce borrowing margins tied to its Senior Leverage Ratio. The facility, led by Wheaton Bank & Trust as administrative agent with other lenders, was increased from $100.0 million. The amendment also updates certain operational definitions. Management expects the changes to improve liquidity and lower financing costs.
Agreement details:
- Agreement type: Amendment to senior secured revolving credit facility
- Counterparty: Wheaton Bank & Trust, as Administrative Agent, and other lenders
- Signed / Effective: Jul 24 2026 / same
- Reason: Enhance liquidity and reduce borrowing costs
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.