Matrix Service gets $75 million revolver

By Sara Rosenberg

New York, Dec. 6 - Matrix Service Co. closed on a new $75 million five-year revolving credit facility, according to an 8-K filed with the Securities and Exchange Commission Wednesday.

JPMorgan acted as bookrunner, lead arranger and administrative agent on the deal.

Pricing on the revolver is initially set at Libor plus 150 basis points.

The revolver has a $25 million accordion feature.

Proceeds were used to refinance the company's existing credit facility.

Matrix is a Tulsa, Okla.-based industrial services company.

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