Exhibit 99.1

Investor Contact:
 
Andrew Blazier, Senior Associate
 
Sharon Merrill
 
(617) 542-5300
 
trr@investorrelations.com
 
trclogoa07.jpg
 
Company Contact:
 
Thomas W. Bennet, Jr., CFO
 
(978) 970-5600
 
tbennet@trcsolutions.com
 
 
TRC Announces $250 Million Revolving Credit Facility
Increases Total Borrowing Capacity by $75 Million; Replaces Existing Credit Facility
Lowell, MA, Jan. 31, 2017 -
TRC Companies, Inc. (NYSE: TRR), a recognized leader in engineering, environmental consulting and construction-management services to the power, environmental, infrastructure and oil and gas markets, today announced it has closed on a $250 million revolving credit facility. The new, five-year facility will support the Company’s general working capital needs and growth initiatives and replaces the existing facility, which was set to expire in November 2020.
“This new facility increases our total borrowing capacity by $75 million, which will support our five-year growth strategy, including both organic and acquisition-related initiatives,” said Chairmain and Chief Executive Officer Chris Vincze. “We also have converted the previous amortizing term loan and revolving borrowing structure to a non-amortizing, fully revolving format. This will provide us with optimal access to capital throughout the life of the facility to support our debt capital needs.”
The borrowings under the new facility are limited to three times the Company’s trailing 12-month consolidated EBITDA, as defined in the credit agreement. Borrowing rates are specified at a spread of 150 to 275 basis points over the applicable one- to six-month LIBOR rate, depending on the Company’s leverage ratio (the current borrowing spread is 150 basis points). At closing, approximately $54 million was outstanding on the facility.
Citizens Bank is the Sole Lead Arranger for the eight-bank syndicate that will fund the facility during its life.

About TRC
A pioneer in groundbreaking scientific and engineering developments since the 1960s, TRC is a national engineering, environmental consulting and construction management firm that provides integrated services to the power, environmental, infrastructure and oil and gas markets. TRC serves a broad range of commercial, industrial and government clients, implementing complex projects from initial concept to delivery and operation. TRC delivers results that enable clients to achieve success in a complex and changing world. For more information and updates from the Company, visit TRC's website at www.TRCsolutions.com and follow TRC on Twitter and StockTwits at @TRC_Companies and on LinkedIn.

TRC
650 Suffolk Street • Lowell, Massachusetts 01854
Telephone 978-970-5600 • Fax 978-453-1995


The following information was filed by Trc Companies Inc (TRR) on Thursday, February 2, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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