2015
04/30

Category:
Credit Ratings

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Moody’s says Dycom’s upsized revolver credit positive; ratings unaffected

New York, April 28, 2015 — Moodys 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 companys 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.

Please see our issuer comment on www.moodys.com for more
information.

Dycom Industries, Inc., located in Palm Beach Gardens,
Florida, is a leading provider of specialty contracting services
in North America. Dycom provides engineering, construction
and maintenance services that assist telecommunication and cable television
providers expand and monitor their network infrastructure in a cost effective
manner. The company also provides underground locating services
for telephone, cable, power, gas, water,
and sewer utilities. Dycom generated contract revenues approximating
$1.9 billion for the twelve months ended January 24,
2015.

This publication does not announce a credit rating action. For
any credit ratings referenced in this publication, please see the
ratings tab on the issuer/entity page on www.moodys.com
for the most updated credit rating action information and rating history.

Jadijhe L. Adamo
Asst Vice President – Analyst
Corporate Finance Group
Moodys Investors Service, Inc.
250 Greenwich Street
New York, NY 10007
USA.
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653

Alexandra S Parker
MD – Corporate Finance
Corporate Finance Group
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653

Releasing Office:
Moodys Investors Service, Inc.
250 Greenwich Street
New York, NY 10007
USA.
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653

Moodys says Dycoms upsized revolver credit positive; ratings unaffected

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