Press Release of Comfort Systems USA, Inc., dated December May 26, 2022, announcing the Company’s entry into an Amended and Restated Senior Credit Facility.Ĭover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document).We report the development of an automated microfluidic “baby machine” to synchronize the bacterium Caulobacter crescentus on-chip and to move the synchronized populations downstream for analysis. ![]() Third Amended and Restated Credit Agreement dated as of by and among Comfort Systems USA, Inc., as Borrower, the Lenders listed on the signature pages thereof, and Wellsįargo Bank, National Association, as Agent for the Lenders. The information set forth above in Item 1.01 is hereby incorporated Other Restrictions - The Facility (a) permits unlimitedĪcquisitions when Net Leverage is less than or equal to 3.25 to 1.00, (b) expands certain baskets for permitted indebtedness and liens,Īnd (c) permits unlimited distributions, stock repurchases, and investments when Net Leverage is less than or equal to 2.75 to 1.00.Ĭreation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant Less than 3.00 to 1.00 as of the end of each fiscal quarter through the maturity date. That the ratio of (a) its Consolidated EBITDA to (b) its Consolidated Interest Expense (as defined in the Facility) not be Interest Coverage Ratio - The Facility requires Of each fiscal quarter through the maturity date. Up to $100,000,000 to (b) its Consolidated EBITDA (such ratio, the “Net Leverage”) not exceed 3.50 to 1.00 as of the end Of (a) the Company’s Consolidated Total Indebtedness (as defined in the Facility), minus unrestricted cash and cash equivalents Net Leverage Ratio - The Facility requires that the ratio The Facility will expire on JandĬontains the following financial covenants: The line of credit includes up to $175 million issuable in the form of letters of credit. The Facility includes an option to increase the commitmentsīy an amount up to the greater of (a) $250 million and (b) 1.0x the Company’s Consolidated EBITDA (as defined in the Facility). Under the Company’s previous senior credit facility, to $850 million. The Facility provides an increased line of credit to the Company from $600 million (of which $450 million was a revolving credit facility), Subsidiaries and captive insurance entities, and a second lien on the Company’s assets related to projects subject to surety bonds. The Facility is secured by a first lien on substantially all of theĬompany’s personal property except for assets related to projects subject to surety bonds and assets held by certain unrestricted Time to time party thereto (the “Lenders”). (the “Agent”) and provided by a syndicate of banks including Wells Fargo Bank, National Association and other lenders from With certain subsidiaries of the Company, as guarantors (the “Guarantors”), arranged by Wells Fargo Bank, National Association (the “Company”) dated announcing that, as of May 25,Ģ022, the Company entered into an amended and restated senior credit facility (the “Facility”) Of Exhibit 10.1, this Form 8-K/A does not update, modify or amend any disclosure set forth in the Form 8-K.Įntry into a Material Definitive AgreementĪttached and incorporated herein by reference as Exhibit 99.1 is aĬopy of a press release of the Comfort Systems USA, Inc. The purpose of this Form 8-K/A is to add Exhibit 10.1 to the Form 8-K. This Form 8-K/A (the “Form 8-K/A”) is an amendment to the Current Report on Form 8-K of Comfort Systems USA, Inc., dated MayĢ6, 2022 (the “Form 8-K”). Provided pursuant to Section 13(a) of the Exchange Act. Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards If an emerging growth company, indicate by check mark if the Growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the SecuritiesĮxchange Act of 1934 (§240.12b-2 of this chapter). Indicate by check mark whether the registrant is an emerging Securities registered pursuant to Section Pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ![]() (Exact name of registrant as specified inĬheck the appropriate box below if the Form 8-K filing To Section 13 OR 15(d) of The Securities Exchange Act of 1934ĭate of Report (Date of earliest event reported)
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