Watsco Executes $500 Million Revolving Credit Agreement
Watsco, Inc. (NYSE: WSO) today announced that it has closed on a $500 million senior unsecured revolving credit agreement.
Watsco intends to use the facility for repayment of current credit facilities, working capital, acquisitions and other general corporate purposes. Borrowings under the five-year credit agreement are LIBOR-based dependent on certain financial ratios.
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