CSW Industrials Renews and Upsizes Revolving Credit Facility to $700 Million
CSW Industrials entered into a Third Amended and Restated Credit Agreement on May 2, 2025, providing a $700.0 million revolving commitment that matures May 2, 2030, up from $500 million under the prior facility. The company said the larger facility gives it access to capital to pursue growth opportunities, including financing permitted acquisitions, though the filing does not report any amount drawn.
Key points
- Revolving commitment increased from $500 million to $700 million, with a $30.0 million letter of credit sublimit and a $15.0 million swingline sublimit
- Maturity extended to May 2, 2030; borrowings bear interest at base rate or adjusted term SOFR plus an margin tied to leverage
- Financial covenants require a maximum Leverage Ratio of 3.00 to 1.00 (temporarily 3.75 to 1.00 after qualifying acquisitions) and a minimum Interest Coverage Ratio of 3.00 to 1.00
- Agreement is secured by first priority liens on assets of the borrower and domestic subsidiaries; JPMorgan Chase Bank, N.A. is administrative agent
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:00 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 05, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.