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0.00655307994757534 0.00655307994757534 0.00655307994757534 0.00655307994757534 0.00754914809960692 0.00918741808650066 0.00393184796854525 0.00393184796854525
Stock impact report

Limbach Holdings Announces Successful Completion of Debt Refinancing

Limbach Holdings, Inc. (LMB) 
Last limbach holdings, inc. earnings: 11/14 05:03 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.limbachinc.com
Company Research Source: Business Wire
PITTSBURGH--(BUSINESS WIRE)-- Limbach Holdings, Inc. (Nasdaq: LMB) (“Limbach” or the “Company”) today announced that it has entered into a $65 million senior secured credit facility, comprised of a $40 million term loan which will refinance existing indebtedness, and a $25 million delayed draw term loan to be used to finance potential acquisitions. The lead arranger of the term loan facility is Colbeck Capital Management, LLC. The Company also announced the closing of a $15 million senior secured ABL revolving credit facility with Citizens Bank, N.A., a member of the prior credit facility syndicate. The revolving credit facility will be used for general corporate purposes. Charlie Bacon, CEO of Limbach, commented, “We are pleased to have successfully concluded our debt refinancing, which provides considerable flexibility for Limbach to grow well into the future. We have worked over the last sever Show less Read more
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