ABM Industries successfully expanded and extended its senior secured credit agreement, increasing the total facility to $2.2 billion. This new agreement comprises a $1.6 billion revolving credit facility and a $600 million amortizing term loan.
The maturity date for the facility has been extended to February 26, 2030, replacing the prior credit agreement which was scheduled to mature on June 28, 2026. This extension provides long-term financial stability and flexibility for the company.
Earl Ellis, Executive Vice President and Chief Financial Officer, stated that the enhanced facility provides increased financial flexibility to execute on growth initiatives and drive long-term value for stakeholders. The expansion strengthens ABM’s capital structure and supports its strategic growth objectives.
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