Brief: Limbach Holdings Closes On New Credit Facilities

Limbach Holdings

25/02/2021 13:59

Feb 25 (Reuters) - Limbach Holdings Inc  LMB.O :
    * LIMBACH HOLDINGS CLOSES ON NEW CREDIT FACILITIES
    * LIMBACH HOLDINGS INC - ENTERED NEW CREDIT AGREEMENTS LED
BY
WINTRUST, TOGETHER WITH A SYNDICATE OF COMMERCIAL FINANCIAL
INSTITUTIONS
    * LIMBACH - CREDIT FACILITIES CONSIST OF A $25 MILLION
REVOLVING
CREDIT FACILITY & $30 MILLION TERM LOAN WHICH TOGETHER REPLACED
ITS PREVIOUS CREDIT FACILITIES
    * LIMBACH HOLDINGS INC - UNDER TERMS OF CREDIT FACILITIES,
INTEREST RATE ON REVOLVER IS, AT COMPANY'S OPTION, LIBOR PLUS
3.5% OR A BASE RATE PLUS 0.5%
    * LIMBACH HOLDINGS INC - UNDER TERMS OF CREDIT FACILITIES
INTEREST
RATE ON TERM LOAN IS, AT COMPANY'S OPTION, LIBOR PLUS 4.0% OR A
BASE RATE PLUS 1.0%

Source text for Eikon:  ID:nBw1m3RgFa 
Further company coverage:  LMB.O 

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