Daily News: April 23, 2018

Wells Fargo Upsizes Comfort Systems Facility to $400MM


Comfort Systems USA increased its credit facility from $325 million to $400 million and extended the term to April 18, 2023. Wells Fargo served as administrative agent on the transaction.

Bank of Texas and Capital One acted as co-syndication agents. Branch Banking and Trust acted as documentation agent.

Brian Lane, Comfort Systems’ president and CEO, said, “We are very pleased that our lenders have graciously provided us with additional capacity and flexibility as we continue to seek opportunities to return value to our stockholders. The facility complements our strong balance sheet and continues to provide an advantage in an industry where owners and general contractors value partners with strong financial foundations.”

Comfort Systems USA is a provider of mechanical services including heating, ventilation, air conditioning, plumbing, piping and controls, with 118 locations in 105 cities around the U.S.