Patrick Industries expanded its existing credit facility to $360 million, with no change to the original maturity date of April 2020. The expanded credit facility is comprised of an approximate $270 million revolving credit loan and a $90 million term loan.

The credit agreement was originally established in April 2015 as a $250 million revolving senior secured credit facility and subsequently expanded to $300 million in August 2015. According to a related 8-K filing at that time, Wells Fargo served as administrative agent, swingline lender and issuing lender.

Wells Fargo Securities, Fifth Third Bank and Keybanc Capital Markets served as joint lead arrangers and joint bookrunners.

Todd Cleveland, CEO, said, “We are pleased with our operating and financial performance in the second quarter, reflecting continued positive momentum both at the wholesale and retail levels in the industries we serve, the impact of the acquisitions we have made over the past several years, and the team’s commitment to driving the execution of our strategic plan. In addition, we continue to increase overall content per unit in both the RV and MH industries through acquisitions and market share gains, and our industrial team continues to expand its presence and territorial coverage.

Patrick Industries is a manufacturer of component products and distributor of building products serving the recreational vehicle, manufactured housing, kitchen cabinet, office and household furniture, fixtures and commercial furnishings, marine and other industrial markets.