Watsco signs $750 million revolving credit facility led by Bank of America
WSO•Watsco signed a five-year, $750 million unsecured senior revolving credit facility led by Bank of America. Borrowings under the new facility repaid $69.7 million outstanding under the prior facility.
1. Facility details
The agreement amends and extends Watsco’s existing facility, increasing borrowing capacity and covenant flexibility. Additional borrowings may fund working capital, acquisitions and other general purposes, including dividends; interest rates depend on the types of advances or loans selected.
