Suncrete entered into a Fifth Amendment to its Credit Agreement to add a $175 million delayed-draw term loan and increase its revolving credit facility from $25 million to $50 million. The facilities, led by Bank of America and other lenders, mature on July 29, 2029, with delayed-draw availability for up to 10 draws through December 31, 2027. Proceeds are limited to refinancing prior acquisitions, funding permitted acquisitions and earnouts, and related expenses. The amendment also updates covenants and leverage metrics to provide greater flexibility supporting Suncrete's acquisition strategy.
Agreement details:
- Agreement type: Amendment to senior secured credit agreement adding $175M delayed-draw term loan and increasing revolver to $50M
- Counterparty: Bank of America, as administrative agent, and other lenders
- Signed / Effective: Jun 30 2026 / Jun 30 2026
- Duration / Termination: Through Jul 29 2029
- Reason: Enhance liquidity for permitted acquisitions and earnouts
Original SEC Filing:
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