Sterling Infrastructure entered into a Second Amended and Restated Credit Agreement to expand liquidity and extend maturities. The facility provides up to $1.5 billion in revolving borrowings, includes a $600 million letter of credit sublimit and a $50 million swing line, and adds capacity for incremental debt tied to leverage and EBITDA tests. Proceeds may be used for refinancing existing debt, capital expenditures, permitted acquisitions, and general corporate purposes; pricing is based on SOFR or base rate with margins linked to leverage and no SOFR credit spread adjustment.
Agreement details:
- Agreement type: Secured five-year amended and restated revolving credit facility with incremental feature
- Counterparty: BMO Bank, as Administrative Agent, and other lenders
- Signed / Effective: Jul 02 2026 / same
- Duration / Termination: 5 years (to Jul 02 2031)
- Reason: Refine debt and fund capex, acquisitions, and general purposes
Original SEC Filing:
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