Loan & DebtJul 24, 2026, 04:12 PM
Limbach increases credit facility to $125M, consents to CYMCOR acquisition
AI Summary
Limbach Holdings, Inc., through its subsidiary, entered into a Third Amendment to its Credit Agreement. This amendment increases the senior secured revolving credit facility from $100 million to $125 million. It also includes a consent from lenders for Limbach to acquire CYMCOR, Inc. for a total consideration exceeding $25 million, and reduces applicable margins for revolving loans based on the company's Senior Leverage Ratio. The changes provide enhanced financial flexibility and support strategic growth initiatives.
Key Highlights
- Revolving credit facility increased from $100 million to $125 million.
- Lenders consented to the acquisition of CYMCOR, Inc.
- Total consideration for CYMCOR, Inc. acquisition exceeds $25 million.
- Applicable margins for Term SOFR and Prime Rate revolving loans reduced.
- Third Amendment to Credit Agreement effective July 24, 2026.
Price Impact
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