8-KMaterial AgreementsExhibits & Filings

EMCOR Group, Inc. 8-K Report, Material Agreement (Oct 17, 2005)

Filed October 17, 2005For Securities:EME

Summary

EMCOR Group, Inc. (EME) announced on October 17, 2005, an Amended and Restated Credit Agreement, effective October 17, 2005. This agreement restates and amends a prior credit agreement from September 26, 2002. The new facility provides EMCOR with a revolving credit line of up to $350,000,000, with the possibility of increasing it by an additional $150,000,000, subject to lender approval. The credit agreement has a 5-year term and is secured by substantially all of the company's and its subsidiaries' assets. The company's obligations are guaranteed by its subsidiaries. This refinancing is a significant event, providing the company with enhanced financial flexibility and potentially lower borrowing costs, which is positive for investors seeking stability and growth.

Key Highlights

  • 1EMCOR Group, Inc. entered into an Amended and Restated Credit Agreement effective October 17, 2005.
  • 2The new credit facility provides a revolving credit line of $350,000,000, with an option to increase by an additional $150,000,000.
  • 3The agreement amends and restates the previous credit agreement dated September 26, 2002.
  • 4The credit facility has a 5-year term.
  • 5The agreement is secured by substantially all of EMCOR's and its subsidiaries' assets.
  • 6Company obligations are guaranteed by substantially all of its subsidiaries.

Frequently Asked Questions

This filing announces EMCOR Group, Inc.'s entry into an Amended and Restated Credit Agreement, which updates and replaces their previous credit facility.

The new revolving credit facility has a total available amount of $350,000,000, with an option to increase it by an additional $150,000,000, bringing the potential total to $500,000,000.

The Amended and Restated Credit Agreement has a term of 5 years.

The credit facility is secured by substantially all of EMCOR Group, Inc.'s and its subsidiaries' assets. The company's obligations are also guaranteed by substantially all of its subsidiaries.