NPL Construction Co. operates as an infrastructure services contractor that provides energy and information systems services to investor-owned and municipal local energy distribution companies throughout the United States. It offers pre-construction, construction, and post-construction services; and electric, emergency, joint trench, materials management, vacuum excavation, traffic control, and hard rock excavation services. NPL Construction Co. was formerly known as Northern Pipeline Construction Company, Inc. As a result of the acquisition of Northern Pipeline Construction Company, Inc. by Southwest Gas Corporation, Northern Pipeline Construction Company, Inc.'s name was changed. The compa...
2355 West Utopia Road
Phoenix, AZ 85027
Founded in 1960
NPL Construction Co., Isleworth Holding Co. and 2431251 Ontario, Inc. Enter into $300 Million Secured Revolving Credit and Term Loan Facility
Oct 2 14
On October 1, 2014, subsidiaries of Southwest Gas Corporation, including NPL Construction Co. and Isleworth Holding Co. as US borrowers and 2431251 Ontario, Inc. as Canadian borrower entered into a $300 million secured revolving credit and term loan facility with the lenders party thereto, Wells Fargo Bank, National Association, as Administrative Agent, Swingline Lender and Issuing Lender, Bank of America, N.A., as Syndication Agent, Canadian Imperial Bank of Commerce, as Documentation Agent, Wells Fargo Securities, LLC, as Joint Lead Arranger and Joint Bookrunner, and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as Joint Lead Arranger and Joint Bookrunner. The credit facility is scheduled to expire in October 2019 and replaces NPL's previous $75 million credit facility, which was scheduled to expire in June 2015. Interest rates for the credit facility are calculated at the London Interbank Offered Rate (LIBOR), the Canadian Dealer Offered Rate (CDOR), or an alternate base rate or Canadian base rate, plus in each case an applicable margin that is determined based on the borrowers' consolidated leverage ratio. The applicable margin ranges from 1.00% to 2.25% for loans bearing interest with reference to LIBOR or CDOR and from 0.00% to 1.25% for loans bearing interest with reference to the alternate base rate or Canadian base rate. The borrowers are also required to pay a commitment fee on the unfunded portion of the commitments based on the consolidated leverage ratio. The commitment fee ranges from 0.15% to 0.40% per annum.