Watsco secures $750 million five-year credit facility with Bank of America-led syndicate

Bitget2026/10/27 21:12

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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: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Watsco Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-434422), on October 27, 2026, and is solely responsible for the information contained therein.

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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Watsco secures $750 million five-year credit facility with Bank of America-led syndicate

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