Acuity Brands (AYI) said it amended its credit agreement to provide for a delayed draw term loan facility of up to $600 million maturing June 30, 2027.
The company may draw the facility in a single borrowing at any time through May 25, subject to certain conditions, according to a Tuesday filing with the US Securities and Exchange Commission.
Acuity Brands said it expects to draw the full $600 million in connection with the closing of the acquisition of QSC by its Acuity Brands Technology Services unit.
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