ABM expands, extends credit agreement

ABM (ABM) announced the expansion and extension of its senior secured credit agreement. The expanded credit facility now totals $2.2 billion, comprising a $1.6 billion revolving credit facility and a $600 million amortizing term loan, with a maturity date of February 26, 2030. The amended facility replaces ABM’s prior credit agreement, which was scheduled to mature on June 28, 2026. The previous facility totaled $1.95 billion, consisting of a $1.3 billion revolving credit facility and a $650 million amortizing term loan. Prior to the amendment, the outstanding balance on the existing term loan was $528 million.