IES Holdings, Inc. announced on January 22, 2025, that it has amended and restated its existing Credit and Security Agreement, increasing its revolving credit facility to $300 million from $150 million. The maturity date for this expanded facility has been extended to January 21, 2030.
This new agreement also transitions the company to a cash flow-based facility, which provides increased borrowing capacity compared to the previous asset-based structure. Wells Fargo Bank, National Association served as Administrative Agent, with Wells Fargo Securities, LLC and Fifth Third Bank, National Association acting as Joint Lead Arrangers and Joint Bookrunners.
The expanded and more flexible credit facility strengthens IES Holdings' ability to execute its capital allocation strategy. This increased liquidity will support the company's strategic priorities, including organic growth initiatives, potential acquisitions, share repurchases, and other investment opportunities.
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