Watsco secures $750 million five-year credit facility with Bank of America-led syndicate
Bitget2026/10/27 21:12- Watsco entered a $750 million unsecured syndicated multicurrency credit agreement on October 21, 2026, maturing October 21, 2031.
- The facility replaces a $600 million revolving credit facility, with Bank of America serving as administrative agent.
- An initial $69.7 million borrowing repaid outstanding borrowings under the prior facility, which terminated without penalties.
- SOFR-based borrowings carry spreads of 100 to 137.5 basis points, initially 100 basis points, depending on loan type and leverage.
- The agreement permits up to $375 million in incremental revolving increases or term loans.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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