Dycom Industries amended its existing credit agreement to increase the term loan facility by $200 million to $350 million in total. Dycom intends to use the proceeds of the additional term loan to pay down revolving loans, thus increasing availability under its revolving facility and for general corporate purposes.

After giving effect to the amendment, total capacity under the company’s credit agreement is $800 million, consisting of the $350 million term loan facility and a $450 million revolving facility.

Bank of America is the administrative agent, swingline lender and a line of credit issuer for the facility. Merrill Lynch, Pierce, Fenner & Smith and Wells Fargo Securities acted as joint lead arrangers and joint bookrunners. Wells Fargo Bank is an L/C issuer.

Palm Beach, FL-based Dycom provides specialty contracting services throughout the United States and in Canada, including project management, engineering, construction, maintenance and installation services for the telecommunications industry.