IES Holdings expands revolving credit facility to $300 million from $150 million
IES Holdings entered an amended credit agreement on January 21, 2025, that raises its revolving credit facility to $300 million from $150 million and extends maturity to January 21, 2030. The filing says the facility moves from an asset-based structure limited by eligible collateral to a cash flow-based facility with financial ratio covenants, which increases the company's borrowing capacity.
Key points
- Revolver capacity rises from $150 million to $300 million; maturity extended from September 30, 2026 to January 21, 2030
- Financial covenants include a maximum Consolidated Total Leverage Ratio of 3.00 to 1.00 and a minimum Consolidated Interest Coverage Ratio of 3.00 to 1.00
- Borrowings bear interest at Base Rate plus 0.50% to 1.25%, or Daily Simple SOFR or Term SOFR plus 1.50% to 2.25%; unused commitment fee is 0.25% to 0.35%
- Wells Fargo Bank, National Association is administrative agent; Fifth Third Bank, National Association is a joint lead arranger
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:49 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 January 22, 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.