Financing ·
Limbach Holdings, Inc. entered into a new $300 million credit facility with PNC Bank on September 9, 2026, replacing…
LMBLimbach Holdings, Inc.
Limbach Holdings, Inc. entered into a new $300 million credit facility with PNC Bank on September 9, 2026, replacing its existing agreement with Wintrust Financial Corporation. The new facility consists of a $200 million revolving credit line, a $50 million term loan, and a $50 million delayed draw term loan, maturing in September 2031. Limbach used proceeds from the new facility to repay approximately $118.1 million in outstanding principal under the previous Wintrust Credit Agreement, with no early termination penalties incurred. The company must maintain a maximum Consolidated Net Leverage Ratio of 3.00 to 1.00 and a minimum Fixed Charge Coverage Ratio of 1.15 to 1.00. Limbach Holdings operates in the building infrastructure services industry.