Watsco Secures $750 Million Unsecured Credit Facility Led by Bank of America

Key Facts

Watsco completed a $750 million unsecured senior revolving credit facility led by Bank of America. According to GlobeNewswire, the agreement involves a syndicate including JPMorgan Chase, Wells Fargo, PNC Bank, and U.S. Bank to amend and extend the company's existing credit arrangements. The company stated that borrowings under the new five-year facility were utilized to repay $69.7 million in outstanding debt from its prior credit facility.

WSO closed at $305.03 on October 21, 2026, prior to the announcement of the facility intended to secure low-cost debt for the company's growth strategy. The arrangement provides continued liquidity and financial flexibility for the firm, which operates as the largest distributor in the North American HVAC market.