{"id":775110,"date":"2023-08-03T12:48:11","date_gmt":"2023-08-03T16:48:11","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/bowman-increases-borrowing-capacity-under-revolving-credit-facility\/"},"modified":"2023-08-03T12:48:11","modified_gmt":"2023-08-03T16:48:11","slug":"bowman-increases-borrowing-capacity-under-revolving-credit-facility","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bowman-increases-borrowing-capacity-under-revolving-credit-facility\/","title":{"rendered":"Bowman Increases Borrowing Capacity Under Revolving Credit Facility"},"content":{"rendered":"

<\/p>\n

Bowman Increases Borrowing Capacity Under Revolving Credit Facility<\/b><\/p>\n

RESTON, Va.–(BUSINESS WIRE<\/a>)–
\nBowman Consulting Group Ltd. (the \u201cCompany\u201d or \u201cBowman\u201d) (NASDAQ: BWMN) announced today that it has completed a First Amendment to Amended and Restated Credit Agreement (the \u201cFirst Amendment\u201d) with respect to the Company\u2019s revolving credit facility (the \u201cRevolver\u201d) with Bank of America, N.A. The First Amendment increases the maximum principal amount under the Revolver from $50 million to $70 million, modifies certain provisions related to interest rate spreads and unused fees, and extends the term to July 31, 2025. Other general terms of the Revolver remained unchanged.<\/p>\n

\n\u201cAs we continue to execute on our strategic growth initiative, our credit facility allows us to be nimble and capitalize on opportunities as they present themselves,\u201d said Gary Bowman, Bowman\u2019s Chairman and CEO. \u201cWe appreciate our long-standing partnership with Bank of America.\u201d<\/p>\n

About Bowman Consulting Group Ltd.<\/b><\/p>\n

\nHeadquartered in Reston, Virginia, Bowman is an engineering services firm delivering infrastructure solutions to customers who own, develop, and maintain the built environment. With over 1,900 employees and more than 75 offices throughout the United States, Bowman provides a variety of planning, engineering, geospatial, construction management, commissioning, environmental consulting, land procurement and other technical services to customers operating in a diverse set of regulated end markets. Bowman trades on the Nasdaq under the symbol BWMN. For more information, visit bowman.com<\/a> or investors.bowman.com<\/a>.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230803700556\/en\/<\/a><\/span><\/p>\n

Investor Relations Contact:
\n<\/b>
Bruce Labovitz
\n
ir@bowman.com<\/a><\/p>\n

\nLarry Clark
\n
lclark@bowman.com<\/a><\/p>\n

KEYWORDS:<\/b> Virginia United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Consulting Engineering Professional Services Manufacturing<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Bowman Increases Borrowing Capacity Under Revolving Credit Facility RESTON, Va.–(BUSINESS WIRE)– Bowman Consulting Group Ltd. (the \u201cCompany\u201d or \u201cBowman\u201d) (NASDAQ: BWMN) announced today that it has completed a First Amendment to Amended and Restated Credit Agreement (the \u201cFirst Amendment\u201d) with respect to the Company\u2019s revolving credit facility (the \u201cRevolver\u201d) with Bank of America, N.A. The First Amendment increases the maximum principal amount under the Revolver from $50 million to $70 million, modifies certain provisions related to interest rate spreads and unused fees, and extends the term to July 31, 2025. Other general terms of the Revolver remained unchanged. \u201cAs we continue to execute on our strategic growth initiative, our credit facility allows us to be nimble and capitalize on opportunities … <\/p>\n

Continue reading “Bowman Increases Borrowing Capacity Under Revolving Credit Facility”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-775110","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBowman Increases Borrowing Capacity Under Revolving Credit Facility - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bowman-increases-borrowing-capacity-under-revolving-credit-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bowman Increases Borrowing Capacity Under Revolving Credit Facility - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Bowman Increases Borrowing Capacity Under Revolving Credit Facility RESTON, Va.–(BUSINESS WIRE)– Bowman Consulting Group Ltd. (the \u201cCompany\u201d or \u201cBowman\u201d) (NASDAQ: BWMN) announced today that it has completed a First Amendment to Amended and Restated Credit Agreement (the \u201cFirst Amendment\u201d) with respect to the Company\u2019s revolving credit facility (the \u201cRevolver\u201d) with Bank of America, N.A. The First Amendment increases the maximum principal amount under the Revolver from $50 million to $70 million, modifies certain provisions related to interest rate spreads and unused fees, and extends the term to July 31, 2025. Other general terms of the Revolver remained unchanged. \u201cAs we continue to execute on our strategic growth initiative, our credit facility allows us to be nimble and capitalize on opportunities … Continue reading "Bowman Increases Borrowing Capacity Under Revolving Credit Facility"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/bowman-increases-borrowing-capacity-under-revolving-credit-facility\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-03T16:48:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230803700556r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bowman-increases-borrowing-capacity-under-revolving-credit-facility\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bowman-increases-borrowing-capacity-under-revolving-credit-facility\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Bowman Increases Borrowing Capacity Under Revolving Credit Facility\",\"datePublished\":\"2023-08-03T16:48:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bowman-increases-borrowing-capacity-under-revolving-credit-facility\\\/\"},\"wordCount\":279,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bowman-increases-borrowing-capacity-under-revolving-credit-facility\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20230803700556r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bowman-increases-borrowing-capacity-under-revolving-credit-facility\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bowman-increases-borrowing-capacity-under-revolving-credit-facility\\\/\",\"name\":\"Bowman Increases Borrowing Capacity Under Revolving Credit Facility - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bowman-increases-borrowing-capacity-under-revolving-credit-facility\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bowman-increases-borrowing-capacity-under-revolving-credit-facility\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20230803700556r1&sid=flmnd&distro=nx&lang=en\",\"datePublished\":\"2023-08-03T16:48:11+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bowman-increases-borrowing-capacity-under-revolving-credit-facility\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bowman-increases-borrowing-capacity-under-revolving-credit-facility\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bowman-increases-borrowing-capacity-under-revolving-credit-facility\\\/#primaryimage\",\"url\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20230803700556r1&sid=flmnd&distro=nx&lang=en\",\"contentUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20230803700556r1&sid=flmnd&distro=nx&lang=en\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bowman-increases-borrowing-capacity-under-revolving-credit-facility\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bowman Increases Borrowing Capacity Under Revolving Credit Facility\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bowman Increases Borrowing Capacity Under Revolving Credit Facility - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/bowman-increases-borrowing-capacity-under-revolving-credit-facility\/","og_locale":"en_US","og_type":"article","og_title":"Bowman Increases Borrowing Capacity Under Revolving Credit Facility - Market Newsdesk","og_description":"Bowman Increases Borrowing Capacity Under Revolving Credit Facility RESTON, Va.–(BUSINESS WIRE)– Bowman Consulting Group Ltd. (the \u201cCompany\u201d or \u201cBowman\u201d) (NASDAQ: BWMN) announced today that it has completed a First Amendment to Amended and Restated Credit Agreement (the \u201cFirst Amendment\u201d) with respect to the Company\u2019s revolving credit facility (the \u201cRevolver\u201d) with Bank of America, N.A. The First Amendment increases the maximum principal amount under the Revolver from $50 million to $70 million, modifies certain provisions related to interest rate spreads and unused fees, and extends the term to July 31, 2025. Other general terms of the Revolver remained unchanged. \u201cAs we continue to execute on our strategic growth initiative, our credit facility allows us to be nimble and capitalize on opportunities … Continue reading \"Bowman Increases Borrowing Capacity Under Revolving Credit Facility\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/bowman-increases-borrowing-capacity-under-revolving-credit-facility\/","og_site_name":"Market Newsdesk","article_published_time":"2023-08-03T16:48:11+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230803700556r1&sid=flmnd&distro=nx&lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bowman-increases-borrowing-capacity-under-revolving-credit-facility\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bowman-increases-borrowing-capacity-under-revolving-credit-facility\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Bowman Increases Borrowing Capacity Under Revolving Credit Facility","datePublished":"2023-08-03T16:48:11+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bowman-increases-borrowing-capacity-under-revolving-credit-facility\/"},"wordCount":279,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bowman-increases-borrowing-capacity-under-revolving-credit-facility\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230803700556r1&sid=flmnd&distro=nx&lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bowman-increases-borrowing-capacity-under-revolving-credit-facility\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/bowman-increases-borrowing-capacity-under-revolving-credit-facility\/","name":"Bowman Increases Borrowing Capacity Under Revolving Credit Facility - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bowman-increases-borrowing-capacity-under-revolving-credit-facility\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bowman-increases-borrowing-capacity-under-revolving-credit-facility\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230803700556r1&sid=flmnd&distro=nx&lang=en","datePublished":"2023-08-03T16:48:11+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bowman-increases-borrowing-capacity-under-revolving-credit-facility\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/bowman-increases-borrowing-capacity-under-revolving-credit-facility\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bowman-increases-borrowing-capacity-under-revolving-credit-facility\/#primaryimage","url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230803700556r1&sid=flmnd&distro=nx&lang=en","contentUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230803700556r1&sid=flmnd&distro=nx&lang=en"},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bowman-increases-borrowing-capacity-under-revolving-credit-facility\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"Bowman Increases Borrowing Capacity Under Revolving Credit Facility"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/775110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=775110"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/775110\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=775110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=775110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=775110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}