Watsco completes $600 million unsecured credit facility

Miami, march 17, 2023 (globe newswire) -- watsco, inc. (nyse: wso) today announced that it has signed a $600 million unsecured revolving credit facility led by bank of america, n.a. as administrative agent, jpmorgan chase bank, n.a. as syndication agent, and wells fargo bank, national association and u.s. bank national association as documentation agents including six other banks. in anticipation of the cessation of the london interbank offered rate (“libor”), this facility is linked to the new secured overnight financing rate (“sofr”). the new facility replaces watsco's existing $560 million unsecured revolving credit facility.
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