Dycom Industries Inc DY:NYSE

Last Price$46.17Cboe Real-Time Last Sale as of 2:49PM ET 6/03/20
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Today's Change+0.97(2.15%)
Bid (Size)$46.16 (44)
Ask (Size)$46.45 (100)
Day Low / High$45.53 - 47.04
Volume256.6 K

Dycom Industries Borrows $650 Million from Revolving Facility - Shares Up 6%

3:02PM ET 3/23/2020 MT Newswires
Dycom Industries (DY) said in a filing on Monday it borrowed $650 million from its $750 million revolving facility last Wednesday to give it financial flexibility amid market uncertainty caused by the COVID-19 pandemic.

Following the borrowing, $22.7 million remained in the company's revolving facility. Dycom placed the proceeds from the latest borrowing into its bank accounts as cash deposits, resulting in an unchanged net debt amount for the company.

Dycom's shares were up 6% on Monday afternoon.

Price: 16.93, Change: +0.95, Percent Change: +5.94