Dycom Industries, Inc. -- Moody's says Dycom's upsized revolver credit positive; ratings unaffected

New York, April 28, 2015 -- Moody's Investors Service said Dycom Industries, Inc. ("Dycom")'s announcement on April 27 that it amended its credit agreement increasing the size of its revolving credit facility by $175 million to $450 million is a credit positive event but does not impact the company's ratings including its Ba2 Corporate Family Rating, SGL-1 Speculative Grade Liquidity rating or the stable outlook. Concurrent with the upsizing of the revolver, the company increased the size of its term loan under its credit agreement to $150 million from approximately $110 million and extended the maturity date of the facilities under the credit agreement to April 2020.

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