CSW Industrials expands revolver to $500 million via accordion

By Marisa Wong

Los Angeles, Dec. 16 – CSW Industrials, Inc. amended its $400 million revolving credit facility on Dec. 15 to utilize a portion of the accordion feature, increasing the commitment to $500 million and concurrently reducing the available incremental accordion by a corresponding amount, according to a Friday press release.

The revolver originally contained a $150 million accordion feature.

The company said it expects to use the incremental commitment for general corporate purposes and to support its strategic growth initiatives. The additional commitment further bolsters liquidity and provides additional flexibility to execute the company’s fiscal 2024 plan, according to the release.

CSW is a Dallas-based diversified industrial growth company with operations in three segments: contractor solutions, engineered building solutions and specialized reliability solutions.

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