EMCOR Group Inc. (EME) announced that it has closed on a $550 million revolving credit facility with a syndicate led by BMO Capital Markets, Bank of America Merrill Lynch, and US Bank. 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.
The company intends to use the proceeds for general corporate purposes, including repayment of indebtedness under its existing term loan agreement, working capital, capital expenditures, and acquisitions.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.