PITTSBURGH--(BUSINESS WIRE)--Limbach Holdings, Inc. (Nasdaq: LMB) announced the Company has successfully amended the terms of its credit agreement with its existing bank group, led by Fifth Third Bank as Administrative Agent, Lender and L/C Issuer and the other Lenders party thereto. As part of the amended agreement, the lenders agreed to a waiver of the Company’s previously disclosed non-compliance with the senior leverage and fixed charge coverage ratio requirements under its existing Credit Agreement.

Pursuant to the waiver agreement, Limbach and the bank group have agreed to, among other things, (i) reduce the Lenders’ $25.0 million commitment under the Company’s revolving credit facility (the “Credit Agreement revolver”) to $22.5 million on December 31, 2018 and $20.0 million on January 31, 2019, (ii) accelerate the maturity date for the Credit Agreement revolver and the Credit Agreement term loan facility from July 20, 2021 to March 31, 2020, and (iii) require that certain actions be taken in connection with refinancing of the Company’s obligations under the Credit Agreement by certain scheduled dates.

About Limbach

Founded in 1901, Limbach is the 9th largest mechanical systems solutions firm in the United States as determined by Engineering News Record. Limbach provides building infrastructure services, with an expertise in the design, installation and maintenance of HVAC and mechanical, electrical, and plumbing systems for a diversified group of commercial and institutional building owners. Limbach employs more than 1,500 employees in 14 offices throughout the United States. The Company’s full life-cycle capabilities, from concept design and engineering through system commissioning and recurring 24/7 service and maintenance, position Limbach as a value-added and essential partner for building owners, construction managers, general contractors and energy service companies.