IES Holdings (IESC) said Wednesday it revised its credit and security deal, doubling its revolving credit facility to $300 million with a maturity date of Jan. 21, 2030.
The revision moves IES Holdings to a cash flow-based facility, increasing borrowing capacity relative to the previous asset-based model, the company said.
IES CEO Jeff Gendell said the expanded facility will support general corporate purposes, acquisitions, stock buybacks, and other investments.
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