NV5 Global entered into an $80 million credit agreement with Bank of America as administrative agent, swing line lender and letter of credit issuer.

The $80 million aggregate principal amount has a termination date of December 7, 2021. The agreement also included an accordion feature permitting the NV5 Global to request an increase of up to $60 million.

Borrowings are at variable rates which are tied to a Eurocurrency rate equal to LIBOR plus an applicable rate or a base rate denominated in U.S. dollars.

The proceeds of the credit agreement are intended to be used to finance permitted acquisitions, capital expenditures, issuance of letters of credit and for general corporate purposes.

NV5 Global provides professional and technical engineering consulting solutions across the U.S.