Construction Partners, Inc. has amended its existing corporate loan agreement with several financial institutions, including PNC Bank, Regions Bank, BofA Securities, TD Bank, and City National Bank. The amended Term Loan A and Revolver Credit Agreement, now featuring a maturity date of June 28, 2030, retains most of its original terms while introducing a consolidated interest coverage ratio requirement of at least 3.00 to 1.00. The amendment also adjusts the maximum consolidated net leverage ratio and modifies certain negative covenants. The amendment includes an increased principal of $600.0 million under Term Loan A, used to pay off the outstanding balance under the Revolving Credit Facility.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Construction Partners Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-154409), on July 02, 2025, and is solely responsible for the information contained therein.