Gibraltar Industries Obtains New $400M Credit Facility

Gibraltar Industries Inc ROCK has closed on a $400 million five-year revolving credit facility.
The new facility replaces a revolving credit agreement maturing in January 2024.
Gibraltar also has the option to increase the size of the facility by up to an additional $300 million.
The new facility is due to mature in December 2027.
The company expects the credit facility to provide liquidity to fund M&A opportunities to strengthen its portfolio, maintain its share buyback program, and for general corporate purposes.
Price Action: ROCK shares are trading lower by 0.10% at $48.63 on the last check Friday.
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