News

Dycom Industries, Inc. announced that today it has signed a $200 million credit facility with a syndicate of banks led by Wachovia Bank, N.A. The credit facility provides available financing to Dycom through June 2005. The credit facility provides a $200 million revolving facility for general corporate purposes, which includes a $40 million letter of credit subfacility. The obligations under the credit facility are unsecured and are guaranteed by certain material subsidiaries of Dycom.

Dycom is a leading provider of engineering, construction, and maintenance services to telecommunication providers throughout the United States. Additionally, the Company provides similar services related to the installation of integrated voice, data, and video local and wide area networks within office buildings and similar structures. Dycom also provides underground utility locating and mapping and electric utility construction services.

SOURCE: Dycom Industries, Inc.