ABM Industries (ABM) said Thursday it has expanded and extended its senior secured credit agreement to $2.2 billion, composed of a $1.6 billion revolving credit facility and a $600 million amortizing term loan maturing Feb. 26, 2030.
The amended facility replaces ABM's prior credit agreement, which was scheduled to mature on June 28, 2026. The previous facility totaled $1.95 billion, consisting of a $1.3 billion revolving credit facility and a $650 million amortizing term loan, the company said.
Prior to the amendment, the outstanding balance on the existing term loan was $528 million, the company said.
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