- Patrick Industries ( NASDAQ: PATK ) amended its credit agreement to expand its existing senior secured credit facility to $925M from $700M.
- The expanded credit facility is comprised of a $775M revolving credit facility and a $150M term loan.
- The maturity date for borrowings under the credit agreement was extended to August 2027 from April 2026.
- "We are excited to close the expansion and maturity extension of our credit facility, bolstering our already nimble and flexible posture while reinforcing our ability to execute on our business strategy," CEO Andy Nemeth commented.
For further details see:
Patrick Industries expands credit facility to $925M