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Limbach Holdings (NASDAQ: LMB) lifts revolving credit line to $125.0M

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Limbach Facility Services LLC, a wholly owned subsidiary of Limbach Holdings, Inc., entered into a Third Amendment to its Second Amended and Restated Credit Agreement with Wheaton Bank & Trust Company, N.A. and other lenders on July 24, 2026.

The amendment increases the aggregate principal amount of the senior secured revolving credit facility from $100.0 million to $125.0 million, reduces applicable margins for Term SOFR and Prime Rate revolving loans based on the Borrower’s Senior Leverage Ratio, and updates certain defined terms along with other related and conforming changes. The full amendment is provided as an exhibit to the report.

Positive

  • None.

Negative

  • None.

Filing Explained

The amendment expands borrowing capacity, but the filing does not show a draw, proceeds, or a quantified interest-rate change.

On July 24, 2026, Limbach’s wholly owned subsidiary entered into a third amendment to its credit agreement, so the financing change is completed at the agreement stage.

The amendment raises the senior secured revolving facility’s stated amount from $100.0 million to $125.0 million; this expands borrowing capacity, but the filing does not report a draw, proceeds, or new issuance.

It also reduces applicable Term SOFR and Prime Rate margins based on the Borrower’s Senior Leverage Ratio and revises operational and financial definitions.

Because the filing does not provide the revised rate table or the applicable leverage ratio, the dollar amount of any interest-cost change cannot be established.

As context, cash and equivalents were $15.766 million and first-quarter operating cash flow was negative $7.810 million at March 31, 2026; that cash balance equals 181.7 days of the last reported operating cash use.

Those figures do not establish how much of the amended facility is available or drawn; utilization and the agreement’s leverage-based pricing terms are the specific items that would resolve that uncertainty.

Sources and calculations
  • Cash and equivalents vs quarterly operating cash outflow, in days of cash use $15,766,000 / ($7,810,000 / 90) = [object Object]
Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Revolving credit facility after amendment $125.0 million Aggregate principal amount of the senior secured revolving credit facility following the Third Amendment
Revolving credit facility before amendment $100.0 million Aggregate principal amount of the senior secured revolving credit facility prior to the Third Amendment
Third Amendment date July 24, 2026 Effective date of the Third Amendment to the Second Amended and Restated Credit Agreement
senior secured revolving credit facility financial
"an increase in the aggregate principal amount of the senior secured revolving credit facility"
A senior secured revolving credit facility is a multi‑use bank lending line that a company can draw, repay and redraw as needed, backed by specific assets and ranked first in repayment order if the company defaults. Think of it like a collateralized credit card that gives flexible short‑term cash while lenders hold priority to recover their money; investors watch it because it affects a company’s liquidity, borrowing cost, and who gets paid first in financial distress.
Term SOFR financial
"a reduction in the applicable margins for Term SOFR and Prime Rate revolving loans"
Term SOFR is a benchmark interest rate that reflects the cost of borrowing money over a specific period, based on actual transactions in the financial markets. It is used by lenders and borrowers to set the interest rates on loans and financial contracts, helping to ensure rates are fair and transparent. For investors, understanding term SOFR helps gauge borrowing costs and the overall direction of interest rates in the economy.
Prime Rate financial
"a reduction in the applicable margins for Term SOFR and Prime Rate revolving loans"
The prime rate is the interest rate banks typically charge their most creditworthy customers for short-term loans and serves as a common baseline for many other interest rates. Think of it as a price tag for borrowing: when the prime rate rises, costs for business loans, mortgages and consumer credit usually go up, which can slow spending, squeeze profits and influence stock prices and interest-sensitive sectors.
Senior Leverage Ratio financial
"based on the Borrower’s Senior Leverage Ratio (as the term is defined in the Credit Agreement)"
Second Amended and Restated Credit Agreement financial
"Third Amendment to the Second Amended and Restated Credit Agreement"
A second amended and restated credit agreement is a company’s loan contract that has been changed twice and rewritten into a single, updated document so all the terms are clear in one place. Investors care because it alters the company’s debt rules — such as interest rates, repayment schedule, and covenants — which affects cash flow, default risk, and the ability to invest or pay dividends; think of it like refinancing and reorganizing a mortgage that changes monthly payments and rules.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What change to its credit facility did Limbach Holdings (LMB) disclose?
Limbach Holdings’ subsidiary increased its senior secured revolving credit facility from $100.0 million to $125.0 million. This change comes through a Third Amendment to the Second Amended and Restated Credit Agreement with Wheaton Bank & Trust and other lenders.

How does the Third Amendment affect loan pricing for Limbach Holdings (LMB)?
The Third Amendment reduces the applicable margins for both Term SOFR and Prime Rate revolving loans. These margins now vary based on the Borrower’s Senior Leverage Ratio, directly linking borrowing costs to the company’s leverage profile under the agreement.

Who are the key lending parties in Limbach Holdings (LMB)’s amended credit agreement?
Wheaton Bank & Trust Company, N.A., a subsidiary of Wintrust Financial Corporation, acts as administrative agent and L/C issuer, with other lenders also party to the senior secured revolving credit facility amended on July 24, 2026.

What type of facility is covered by Limbach Holdings (LMB)’s Third Amendment?
The amendment covers a senior secured revolving credit facility for Limbach Facility Services LLC. This revolving structure allows borrowings up to $125.0 million, subject to the terms, covenants, and leverage-based pricing set in the amended credit agreement.

Does the Limbach Holdings (LMB) amendment change other terms beyond size and pricing?
Yes. In addition to the facility increase and margin reductions, the Third Amendment revises certain defined terms and makes other conforming and related changes intended to align operational and financial provisions within the overall credit agreement structure.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
CURRENT REPORT
 
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
 
Date of Report (Date of earliest event reported): July 24, 2026
 
 
LIMBACH HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
 
 
Delaware001-3654146-5399422
(State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.)
 
5102 W Laurel Street, Suite 700, Tampa, Florida 33607
(Address of principal executive offices, including zip code)
 
Registrant’s telephone number, including area code: (412) 359-2100
 
Not Applicable
(Former name or former address, if changed since last report)
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common stock, $0.0001 par valueLMBThe Nasdaq Stock Market LLC
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company  ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ¨


Item 1.01Entry into a Material Definitive Agreement
On July 24, 2026, Limbach Facility Services LLC (“Borrower”), a wholly owned subsidiary of Limbach Holdings, Inc. (“LHI”), Limbach Holdings LLC, a wholly owned subsidiary of LHI, and certain other loan parties thereto entered into the Third Amendment to the Second Amended and Restated Credit Agreement (the “Third Amendment to the Credit Agreement”) with Wheaton Bank & Trust Company, N.A., a subsidiary of Wintrust Financial Corporation, as administrative agent, and the other lenders party thereto, which amends that certain Second A&R Wintrust Credit Agreement, dated as of May 5, 2023 (as amended by that certain First Amendment to the Second A&R Wintrust Credit Agreement, dated as of March 13, 2024, and as further amended by the Second Amendment to the Second A&R Wintrust Credit Agreement, dated as of June 27, 2025).
The Third Amendment to the Credit Agreement provides for, among other things, (i) an increase in the aggregate principal amount of the senior secured revolving credit facility from $100.0 million to $125.0 million, (ii) a reduction in the applicable margins for Term SOFR and Prime Rate revolving loans based on the Borrower’s Senior Leverage Ratio (as the term is defined in the Credit Agreement), and (iii) revisions to certain defined terms to reflect updated operational and financial provisions. The Third Amendment to the Credit Agreement also includes other conforming and related changes in connection with the amendments described above.
The foregoing description of the Third Amendment to the Credit Agreement is a summary only, does not purport to be complete, and is qualified in its entirety by reference to the complete text of the Third Amendment to the Credit Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The Third Amendment to the Credit Agreement is being filed herewith solely to provide investors and security holders with information regarding its terms. It is not intended to be a source of financial, business, or operational information about the Borrower or any of its subsidiaries or affiliates. The representations, warranties, and covenants contained in the Third Amendment to the Credit Agreement were made solely for purposes of that agreement and as of specific dates, are solely for the benefit of the parties thereto, may be made for the purpose of allocating contractual risk between the parties rather than establishing matters as facts, and may be subject to standards of materiality applicable to the contracting parties that differ from those applicable to investors or security holders. Investors and security holders should not rely on the representations, warranties, and covenants, or any description thereof, as characterizations of the actual state of facts or condition of the Borrower or any of its subsidiaries or affiliates. Moreover, information concerning the subject matter of the representations, warranties, and covenants may change after the date of the Third Amendment to the Credit Agreement, and such subsequent information may or may not be fully reflected in public disclosures.
Item 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
The information included in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03 of this Current Report on Form 8-K.
Item 9.01Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.Description
10.1*
Third Amendment to the Second Amended and Restated Credit Agreement, dated as of July 24, 2026, by and among Limbach Facility Services LLC, Limbach Holdings LLC, the other Loan Parties party thereto, the Lenders party thereto and Wheaton Bank & Trust Company, N.A., as Administrative Agent and L/C Issuer.
104Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document)
*    Schedules have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Issuer will furnish the omitted schedules to the SEC upon request by the SEC.

SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


 LIMBACH HOLDINGS, INC. 
    
    
 By: /s/ Jayme L. Brooks 
 Name: Jayme L. Brooks 
 Title: Executive Vice President and Chief Financial Officer 
 
Dated: July 24, 2026
 


Source: View Original Filing on SEC EDGAR

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