Dycom Industries Enters Material Definitive Agreement

TL;DR

Dycom just signed a big financial deal, filing an 8-K on 5/17 for an event on 5/15.

AI Summary

On May 15, 2024, Dycom Industries, Inc. entered into a material definitive agreement related to a direct financial obligation. The company, incorporated in Florida with IRS number 591277135, filed this 8-K report on May 17, 2024, detailing the financial obligation.

Why It Matters

This filing indicates Dycom Industries has entered into a significant financial agreement, which could impact its future operations and financial standing.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements, especially those involving financial obligations, can introduce financial risks and operational changes for a company.

Key Numbers

• 001-10613 — SEC File Number (Dycom Industries' SEC filing identifier)

Key Players & Entities

• DYCOM INDUSTRIES, INC. (company) — Registrant
• May 15, 2024 (date) — Date of earliest event reported
• May 17, 2024 (date) — Filing date
• Florida (jurisdiction) — State of incorporation
• 591277135 (tax_id) — IRS Number

FAQ

Key Financial Figures

• $0.33 — h registered Common stock, par value $0.33 1/3 per share DY New York Stock Exc
• $650.0 m — revolving credit facility thereunder at $650.0 million, (iii) increases the term loan cr
• $350.0 million — rm loan credit facility thereunder from $350.0 million to $450.0 million and (iv) adjusts cert
• $450.0 million — ility thereunder from $350.0 million to $450.0 million and (iv) adjusts certain baskets as des
• $200.0 million — nd Restated Credit Agreement contains a $200.0 million sublimit for the issuance of letters of
• $50.0 million — the issuance of letters of credit and a $50.0 million sublimit for swingline loans. Subject t

Filing Documents

• ss3393516_8k.htm (8-K) — 32KB
• ss3393516_ex1001.htm (EX-10.1) — 1029KB
• 0000947871-24-000490.txt ( ) — 1495KB
• dy-20240515.xsd (EX-101.SCH) — 3KB
• dy-20240515_def.xml (EX-101.DEF) — 26KB
• dy-20240515_lab.xml (EX-101.LAB) — 35KB
• dy-20240515_pre.xml (EX-101.PRE) — 24KB
• ss3393516_8k_htm.xml (XML) — 4KB

01. Entry Into a Material Definitive Agreement

Item 1.01. Entry Into a Material Definitive Agreement. Second Amended and Restated Credit Agreement On May 15, 2024, Dycom Industries, Inc. ("Dycom"), the guarantors party thereto, the lenders named therein (the "Lenders"), Bank of America, N.A., as Administrative Agent, Swingline Lender and L/C Issuer, and other parties named therein amended and restated that certain Amended and Restated Credit Agreement, dated as of October 19, 2018 (as amended, the "Existing Credit Agreement") in its entirety (the Existing Credit Agreement as so amended and restated, the "Amended and Restated Credit Agreement"). The Amended and Restated Credit Agreement, among other things, (i) extends the scheduled maturity date from April 1, 2026 to January 15, 2029, (ii) maintains the revolving credit facility thereunder at $650.0 million, (iii) increases the term loan credit facility thereunder from $350.0 million to $450.0 million and (iv) adjusts certain baskets as described therein. The revolving facility under the Amended and Restated Credit Agreement contains a $200.0 million sublimit for the issuance of letters of credit and a $50.0 million sublimit for swingline loans. Subject to certain conditions, the Amended and Restated Credit Agreement provides Dycom the ability to enter into one or more incremental facilities, either by increasing the revolving commitments thereunder and/or in the form of term loans, up to the greater of (i) $350.0 million and (ii) an amount such that, after giving effect to such incremental facilities on a pro forma basis (assuming that the amount of the incremental commitments is fully drawn and funded), the consolidated senior secured net leverage ratio does not exceed 2.25 to 1.00. Borrowings under the Amended and Restated Credit Agreement (other than swingline loans) will bear interest at a rate equal to either (a) term SOFR plus an applicable margin, or (b) the Administrative Agent's base rate plus an applicable margin. The Administrative Agent's base

03. Creation of a Direct Financial Obligation or an Obligation

Item 2.03. Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant. The information provided in Item 1.01 of this Form 8-K is hereby incorporated by reference into this Item 2.03.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Description 10.1 Second Amended and Restated Credit Agreement, dated as of May 15, 2024, among Dycom Industries, Inc. as the Borrower, the guarantors party thereto, the lenders named therein, Bank of America, N.A., as Administrative Agent, Swingline Lender and L/C Issuer, and the other parties named therein. 104 Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: May 16, 2024 DYCOM INDUSTRIES, INC. (Registrant) By: /s/ Ryan F. Urness Name: Ryan F. Urness Title: Vice President, General Counsel and Corporate Secretary