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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.