{"id":847338,"date":"2025-05-06T10:16:51","date_gmt":"2025-05-06T14:16:51","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/willdan-expands-and-extends-bank-credit-facilities\/"},"modified":"2025-05-06T10:16:51","modified_gmt":"2025-05-06T14:16:51","slug":"willdan-expands-and-extends-bank-credit-facilities","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/willdan-expands-and-extends-bank-credit-facilities\/","title":{"rendered":"Willdan Expands and Extends Bank Credit Facilities"},"content":{"rendered":"

<\/p>\n

Willdan Expands and Extends Bank Credit Facilities<\/b><\/p>\n

ANAHEIM, Calif.–(BUSINESS WIRE<\/a>)–
\nWilldan Group, Inc. (NASDAQ: WLDN) announced today that it has completed an amendment of its existing credit facilities to expand the available borrowing capacity and extend the term of the agreement. The amended agreement increases potential borrowing from $150 million to $200 million and restructures the facilities to provide for a $100 million revolver, a $50 million term loan, and a $50 million delayed-draw term loan. The amended agreement extends the maturity date by five years to May 2030 and reduces the interest rate spread over the Secured Overnight Financing Rate (SOFR). A $75 million accordion feature remains in the agreement.\n<\/p>\n

\n\u201cThis restructured credit facility gives us greater flexibility and control in managing our debt and leverage levels while providing additional capacity to support our investments in growth,\u201d said Mike Bieber, Willdan\u2019s CEO. \u201cWe thank our banking partners for their commitments and ongoing support.The five-member loan syndicate responsible for this amendment is led by BMO, as administrative agent, and includes joint lead arrangers Bank of America and JP Morgan.\u201d\n<\/p>\n

About Willdan<\/strong><\/p>\n

\nWilldan is a nationwide provider of professional, technical, and consulting services to utilities, government agencies, and private industry. Willdan\u2019s service offerings span a broad set of complementary disciplines that include electric grid solutions, energy efficiency and sustainability, energy policy planning and advisory, engineering and planning, and municipal financial consulting. For additional information, visit Willdan’s website at www.willdan.com<\/a> or follow Willdan on LinkedIn<\/a> and Facebook<\/a>.\n<\/p>\n

Forward-Looking Statements<\/strong><\/p>\n

\nStatements in this press release that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. It is important to note that Willdan\u2019s actual results could differ materially from those in any such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the risk factors listed from time to time in Willdan\u2019s reports filed with the Securities and Exchange Commission, including, but not limited to, the Annual Report on Form 10-K filed for the year ended December 27, 2024. Willdan cautions investors not to place undue reliance on the forward-looking statements contained in this press release. Willdan disclaims any obligation to, and does not undertake to, update or revise any forward-looking statements in this press release.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250506316217\/en\/<\/a><\/span><\/p>\n

Al Kaschalk
\n
<\/strong>Vice President
\n
310-922-5643
\n
akaschalk@willdan.com<\/a><\/p>\n

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

INDUSTRY KEYWORDS:<\/b> Utilities Sustainability Environment Finance Energy Consulting Banking Professional Services<\/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":"

Willdan Expands and Extends Bank Credit Facilities ANAHEIM, Calif.–(BUSINESS WIRE)– Willdan Group, Inc. (NASDAQ: WLDN) announced today that it has completed an amendment of its existing credit facilities to expand the available borrowing capacity and extend the term of the agreement. The amended agreement increases potential borrowing from $150 million to $200 million and restructures the facilities to provide for a $100 million revolver, a $50 million term loan, and a $50 million delayed-draw term loan. The amended agreement extends the maturity date by five years to May 2030 and reduces the interest rate spread over the Secured Overnight Financing Rate (SOFR). A $75 million accordion feature remains in the agreement. \u201cThis restructured credit facility gives us greater flexibility and … <\/p>\n

Continue reading “Willdan Expands and Extends Bank Credit Facilities”<\/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-847338","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nWilldan Expands and Extends Bank Credit Facilities - 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\/willdan-expands-and-extends-bank-credit-facilities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Willdan Expands and Extends Bank Credit Facilities - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Willdan Expands and Extends Bank Credit Facilities ANAHEIM, Calif.–(BUSINESS WIRE)– Willdan Group, Inc. (NASDAQ: WLDN) announced today that it has completed an amendment of its existing credit facilities to expand the available borrowing capacity and extend the term of the agreement. The amended agreement increases potential borrowing from $150 million to $200 million and restructures the facilities to provide for a $100 million revolver, a $50 million term loan, and a $50 million delayed-draw term loan. The amended agreement extends the maturity date by five years to May 2030 and reduces the interest rate spread over the Secured Overnight Financing Rate (SOFR). 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