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COMFORT SYSTEMS USA INC Entry right into a Materials Definitive Settlement, Creation of a Direct Monetary Obligation or an Obligation underneath an Off-Steadiness Sheet Association of a Registrant, Monetary Statements and Displays (type 8-Okay/A)

Merchandise 1.01 Entry right into a Materials Definitive Settlement

Connected and included herein by reference as Exhibit 99.1 is a duplicate of a
press launch of the Consolation Methods USA, Inc. (the “Firm”) dated Might 26,
2022
saying that, as of Might 25, 2022, the Firm entered into an amended
and restated senior credit score facility (the “Facility”) with sure subsidiaries
of the Firm, as guarantors (the “Guarantors”), organized by Wells Fargo Financial institution,
Nationwide Affiliation
(the “Agent”) and supplied by a syndicate of banks
together with Wells Fargo Financial institution, Nationwide Affiliation and different lenders from time to
time occasion thereto (the “Lenders”).

The Facility is secured by a primary lien on considerably all the Firm’s
private property aside from belongings associated to tasks topic to surety bonds
and belongings held by sure unrestricted subsidiaries and captive insurance coverage
entities, and a second lien on the Firm’s belongings associated to tasks topic
to surety bonds. The Facility supplies an elevated line of credit score to the
Firm from $600 million (of which $450 million was a revolving credit score
facility), underneath the Firm’s earlier senior credit score facility, to $850 million.
The Facility contains an possibility to extend the commitments by an quantity as much as
the higher of (a) $250 million and (b) 1.0x the Firm’s Consolidated EBITDA
(as outlined within the Facility). The road of credit score contains as much as $175 million
issuable within the type of letters of credit score. The Facility will expire on July 5,
2027
and incorporates the next monetary covenants:

Web Leverage Ratio – The Facility requires that the ratio of (a) the Firm’s
Consolidated Complete Indebtedness (as outlined within the Facility), minus unrestricted
money and money equivalents as much as $100,000,000 to (b) its Consolidated EBITDA
(such ratio, the “Web Leverage”) not exceed 3.50 to 1.00 as of the tip of every
fiscal quarter by way of the maturity date.

Curiosity Protection Ratio – The Facility requires that the ratio of (a) its
Consolidated EBITDA to (b) its Consolidated Curiosity Expense (as outlined within the
Facility) not be lower than 3.00 to 1.00 as of the tip of every fiscal quarter
by way of the maturity date.

Different Restrictions – The Facility (a) permits limitless acquisitions when Web
Leverage is lower than or equal to three.25 to 1.00, (b) expands sure baskets for
permitted indebtedness and liens, and (c) permits limitless distributions, inventory
repurchases, and investments when Web Leverage is lower than or equal to 2.75 to
1.00.

Merchandise 2.03 Creation of a Direct Monetary Obligation or an Obligation underneath an

           Off-Steadiness Sheet Association of a Registrant



The knowledge set forth above in Merchandise 1.01 is hereby included by reference
into this Merchandise 2.03.

Merchandise 9.01 Monetary Statements and Displays





(d)    Displays.



 Exhibit     Description
  Quantity
  10.1         Third Amended and Restated Credit score Settlement dated as of Might 25,
             2022 by and amongst Consolation Methods USA, Inc., as Borrower, the
             Lenders listed on the signature pages thereof, and Wells Fargo Financial institution,
             Nationwide Affiliation, as Agent for the Lenders.

  99.1         Press Launch of Consolation Methods USA, Inc., dated December Might 26,
             2022, saying the Firm's entry into an Amended and Restated
             Senior Credit score Facility.

104          Cowl Web page Interactive Knowledge File (the duvet web page XBRL tags are
             embedded throughout the Inline XBRL doc).




                                       2

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