GMS, a gypsum wallboard and suspended ceiling systems, amended a February 2016 ABL credit agreement to, among other things, increase funds to $345 million from $300 million.

In addition, the second amendment to the agreement lowers the applicable rate per annum by 0.25%, reduces the unused line fees and extends the term until November 2021.

According to a related 8-K filing, Wells Fargo served as administrative agent, collateral agent, swing line lender and L/C issuer.

“We are pleased with the successful extension of our ABL along with the recent refinancing of our first lien debt,” Doug Goforth, CFO of GMS said. “With these changes, we have further enhanced our capacity to support our sourcing and integrating of select acquisitions to expand our leadership positions in the U.S.”