Summit increases revolver to $235 million, extends maturity to 2020

By Marisa Wong

Madison, Wis., March 17 – Summit Materials, LLC amended its existing credit agreement dated Jan. 30, 2012 to increase the size of its revolving credit facility to $235 million from $150 million and extend the maturity date of the revolver to five years from March 17, the effective date of amendment, according to an 8-K filing with the Securities and Exchange Commission.

The amendment also amends some covenant baskets and adds tax distribution language to the credit agreement.

Summit Materials entered into the third amendment to its existing credit agreement on March 11.

Bank of America, NA is the administrative agent, collateral agent, letter-of-credit issuer and swingline lender.

Based in Denver, Summit acquires heavy-side building materials companies in the aggregates, ready-mix concrete, cement, asphalt paving and construction industries.

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