CSW Industrials Renews, Extends Revolving Credit Facility and Upsizes to $700 Million

Rhea-AI Summary

CSW Industrials (CSWI) has successfully renewed and extended its Revolving Credit Facility, increasing the commitment from $500 million to $700 million. The renewed facility, arranged in partnership with nine banks, features a five-year term extending to May 2030. JPMorgan Chase Bank, N.A. will serve as the administrative agent, while both JPMorgan Chase Bank, N.A. and Truist Bank acted as joint lead arrangers and bookrunners. The enhanced credit facility aims to provide CSWI with improved access to capital for pursuing growth opportunities.

Positive

• Increased credit facility commitment by 40% from $500M to $700M
• Extended maturity to May 2030, providing long-term financial flexibility
• Strong banking relationships demonstrated by participation of nine banks

Negative

• None.

DALLAS, May 05, 2025 (GLOBE NEWSWIRE) -- CSW Industrials, Inc. (Nasdaq: CSWI) today announced the renewal and extension of its existing Revolving Credit Facility, including an increase of the Facility’s commitment from $500 million to $700 million in partnership with a group of nine banks. The renewed Revolving Credit Facility has a five-year term and now matures in May of 2030.

Joseph B. Armes, Chairman, Chief Executive Officer, and President commented, “The renewal of our Revolving Credit Facility provides us with efficient access to capital that allows the Company to be opportunistic and to act decisively on growth opportunities. I want to express my gratitude to our bank group for supporting the extension and upsizing of our Revolving Credit Facility, allowing us the opportunity to continue delivering above market growth.”

JPMorgan Chase Bank, N.A. will serve as administrative agent. JPMorgan Chase Bank, N.A. and Truist Bank acted as the joint lead arrangers and joint bookrunners.

About CSW Industrials
CSW Industrials is a diversified industrial growth company with industry-leading operations in three segments: Contractor Solutions, Specialized Reliability Solutions, and Engineered Building Solutions. The Company provides niche, value-added products with two essential commonalities: performance and reliability. The primary end markets we serve with our well-known brands include: HVAC/R, plumbing, electrical, general industrial, architecturally-specified building products, energy, mining, and rail transportation. For more information, please visit www.cswindustrials.com. 

Investor Relations

Alexa Huerta
Vice President Investor Relations, & Treasurer
214-489-7113 
alexa.huerta@cswindustrials.com

FAQ

What is the new size of CSWI's revolving credit facility?

CSWI's revolving credit facility has been upsized to $700 million, an increase from the previous $500 million commitment.

When does CSWI's new revolving credit facility mature?

The renewed revolving credit facility has a five-year term and matures in May 2030.

Who are the lead arrangers for CSWI's renewed credit facility?

JPMorgan Chase Bank, N.A. and Truist Bank acted as the joint lead arrangers and joint bookrunners, with JPMorgan Chase Bank, N.A. serving as administrative agent.

What is the purpose of CSWI's increased credit facility?

The enhanced credit facility provides CSWI with efficient access to capital to act decisively on growth opportunities and continue delivering above market growth.