February 9, 2010 (FinancialWire) — EMCOR Group, Inc. (NYSE: EME) said that it has closed on a $550 million revolving credit facility with a syndicate led by BMO Capital Markets (NYSE: BMO), Bank of America Merrill Lynch (NYSE: BAC), and US Bank (NYSE: USB).

The credit facility, which matures in February 2013, replaces the company’s existing $375 million credit facility, which was scheduled to mature in October 2010.

EMCOR plans to use the proceeds from the credit facility for general corporate purposes, including repayment of indebtedness under its existing term loan agreement, working capital, capital expenditures, and acquisitions. The credit facility is secured by substantially all the assets of EMCOR and its subsidiaries.

Connecticut-based EMCOR Group offers mechanical and electrical construction services, energy infrastructure and facilities services.

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.