← Limbach Holdings, Inc.

Credit Agreement

When the limit steps, and which way the company's ratio has been moving.

3.40x1.68x-0.04x

Signed Sep 9, 2026

Committed
$300m
Matures
Sep 2031
TrancheSizeMaturesMargin
Revolving Credit Facility$200mSep 2031n/a
Term Loan Facility$50mSep 2031n/a
Delayed Draw Term Loan Facility$50mSep 2031n/a

Priced over Term SOFR, floor 0 bps (Revolving credit facility).

LevelConditionMarginUnused fee
Level Level I<= 1.00 to 1.00n/an/a
Level Level II> 1.00 to 1.00 and <= 1.75 to 1.00n/an/a
Level Level III> 1.75 to 1.00 and <= 2.50 to 1.00n/an/a
Level Level IV> 2.50 to 1.00 and <= 3.00 to 1.00n/an/a
Level Level V> 3.00 to 1.00n/an/a

§1.1

Priced over Term SOFR, floor 0 bps (Term Loan A, Delayed draw term loan).

LevelConditionMarginUnused fee
Level Level I<= 1.00 to 1.00n/an/a
Level Level II> 1.00 to 1.00 and <= 1.75 to 1.00n/an/a
Level Level III> 1.75 to 1.00 and <= 2.50 to 1.00n/an/a
Level Level IV> 2.50 to 1.00 and <= 3.00 to 1.00n/an/a
Level Level V> 3.00 to 1.00n/an/a

§1.1

Priced over Other (Delayed draw term loan).

LevelConditionMarginUnused fee
Level Level I<= 1.00 to 1.00n/an/a
Level Level II> 1.00 to 1.00 and <= 1.75 to 1.00n/an/a
Level Level III> 1.75 to 1.00 and <= 2.50 to 1.00n/an/a
Level Level IV> 2.50 to 1.00 and <= 3.00 to 1.00n/an/a
Level Level V> 3.00 to 1.00n/an/a

§1.1

Lenders: PNC Capital Markets LLC, Flagstar Bank, National Association, BMO Bank National Association, PNC Bank, National Association, First National Bank of Pennsylvania, Trustmark Bank

Tested quarterly86.7%ratio 0.40x, estimated, vs 3.00x limit in force at Jun 30, 20263.00x
Permit the Consolidated Net Leverage Ratio, calculated as of the end of each fiscal quarter for the four (4) fiscal quarters then ended, commencing with the fiscal quarter ending September 30, 2026, to exceed 3.00 to 1.00 [=3x]; provided that if the Borrower or any Loan Party consummates a Permitted Acquisition with a total purchase price greater than $25,000,000 ... the then applicable maximum Consolidated Net Leverage Ratio permitted under this Section 9.12 shall be automatically increased to 3.50 to 1.00.
Read the filing on sec.gov ↗
Tested quarterlyHeadroom not yet measured1.15x
Permit the Consolidated Fixed Charge Coverage Ratio, calculated as of the end of each fiscal quarter for the four fiscal quarters then ended, commencing with the fiscal quarter ending September 30, 2026, to be less than 1.15 to 1.00 [=1.15x].
Read the filing on sec.gov ↗

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