EMCOR Group's Q1 2025 10-Q: Credit Facility Details
Ticker: EME · Form: 10-Q · Filed: Apr 30, 2025 · CIK: 105634
Sentiment: neutral
Topics: 10-Q, credit-facility, debt, financials
TL;DR
EMCOR's Q1 10-Q shows credit facility rates tied to leverage ratio, impacting borrowing costs.
AI Summary
EMCOR Group, Inc. filed its 10-Q for the period ending March 31, 2025. The filing details the company's financial position, including information on its 2023 Revolving Credit Facility. Interest rates on this facility can be based on a base rate plus a margin of 0.125% to 0.875% or Adjusted Term SOFR plus a margin of 1.125% to 1.875%, both dependent on the company's Leverage Ratio.
Why It Matters
This filing provides insight into EMCOR's debt structure and borrowing costs, which can impact its profitability and financial flexibility.
Risk Assessment
Risk Level: low — The filing is a routine quarterly report and does not indicate any immediate or significant risks.
Key Numbers
- 0.125% — Base Rate Margin (Min) (Lowest margin on base rate borrowings under the 2023 Revolving Credit Facility.)
- 1.875% — SOFR Margin (Max) (Highest margin on Adjusted Term SOFR borrowings under the 2023 Revolving Credit Facility.)
Key Players & Entities
- EMCOR Group, Inc. (company) — Filer of the 10-Q
- 2023 Revolving Credit Facility (company) — Debt instrument discussed in the filing
- 0.125% (dollar_amount) — Minimum margin for base rate borrowings
- 0.875% (dollar_amount) — Maximum margin for base rate borrowings
- 1.125% (dollar_amount) — Minimum margin for Adjusted Term SOFR borrowings
- 1.875% (dollar_amount) — Maximum margin for Adjusted Term SOFR borrowings
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is March 31, 2025.
What is the name of the credit facility discussed?
The credit facility discussed is the 2023 Revolving Credit Facility.
What are the two interest rate options for borrowings under the credit facility?
The two options are a base rate plus a margin or Adjusted Term SOFR plus a margin.
What determines the margin applied to the interest rates?
The margin depends on the Company's Leverage Ratio.
What is EMCOR Group, Inc.'s fiscal year end?
EMCOR Group, Inc.'s fiscal year end is December 31.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on April 30, 2025 regarding EMCOR Group, Inc. (EME).