EMCOR Group (EME) Closes New $750M Facility

EMCOR Group, Inc. (NYSE: EME), has closed on a $750 million revolving credit facility with a syndicate of banks led by BMO Capital Markets, Bank of America Merrill Lynch, US Bank and J.P. Morgan Chase Bank. The credit facility, which matures in November 2016, replaces the Company’s existing $550 million credit facility. The Company intends to use the proceeds from the credit facility for general corporate purposes, including working capital, capital expenditures, and acquisitions. The credit facility is secured by substantially all the assets of EMCOR and its subsidiaries.

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