CB&I Upsizes Credit Facility [Yahoo! Finance]
Citigroup, Inc. (C)
Last citigroup, inc. earnings: 4/15 08:00 am
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Source: Yahoo! Finance
announced the upsizing and closing of their senior secured credit facility from $295 million to $400 million. The facility, which matures on December 4, 2028, provides CB&I with financial flexibility and letter of credit capacity to support its long-term growth initiatives. CB&I Logo (PRNewsfoto/CB&I STS Delaware LLC) "The additional capacity significantly enhances our ability to pursue and deliver projects and solutions across the diverse markets we serve," said Michael Caldwell, CB&I Senior Vice President and CFO. "In addition, it shows the commitment and support of our existing lending group. Equally important, we added three top-tier banking partners to the lending syndicate." The revolving credit facility remains undrawn at closing. CB&I enters the upsizing with no outstanding debt and a robust liquidity profile. CB&I entered the facility with an existing lending syndicate that included Citibank, N.A. as Administrative Agent; and a Joint Lead Arranger, Truist Securities;
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C
Earnings
- 1/15/26 - Miss
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Sec Filings
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- 3/20/26 - Form 424B3
- 3/20/26 - Form 424B3
- C's page on the SEC website