Comfort Systems USA enters $1.1 billion revolving credit facility maturing October 2030
Comfort Systems USA entered an amended and restated senior secured revolving credit facility on August 27, 2025, with Wells Fargo as administrative agent. The new facility replaces the prior facility and raises the revolving line from $850 million to $1.1 billion, with a maturity date of October 1, 2030. The filing describes the terms as customary for facilities of this type, including financial covenants and a change-of-control event of default.
Key points
- Revolving line increased from $850 million under the Prior Facility to $1.1 billion
- Option to increase the facility by the greater of $500 million and 1.0x Consolidated EBITDA
- Facility matures October 1, 2030; proceeds at closing repaid all loans under the Prior Facility
- Financial covenants include Net Leverage not exceeding 3.50 to 1.00 (4.00 to 1.00 after a material acquisition) and Interest Coverage of at least 3.00 to 1.00
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:30 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 September 02, 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.