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Stock impact report

Gibraltar Industries Announces New $400 Million Credit Facility

Gibraltar Industries, Inc. (ROCK) 
Last gibraltar industries, inc. earnings: 2/28 07:30 am Check Earnings Report
Company Research Source: Business Wire
Capacity increases to $400 million from $300 million under prior facility Provides additional flexibility regarding acquisitions and capital allocation BUFFALO, N.Y.--(BUSINESS WIRE)-- Gibraltar Industries, Inc. (Nasdaq: ROCK), a leading manufacturer and distributor of building products for the residential, industrial, infrastructure, and renewable energy and conservation markets, announced today that it has closed on a new $400 million five-year revolving credit facility. The new facility replaces a $300 million secured revolving credit agreement due to mature in December 2020. Gibraltar also has the option to increase the size of the facility by up to an additional $300 million, subject to certain conditions. In addition to the $100 million increase in capacity, the new agreement reduces costs and relaxes certain restrictions related to acquisitions and capital distributions, there Show less Read more
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