Great Lakes Dredge & Dock Upsizes Revolving Credit Facility to $430 Million and Extends Maturity to 2030

Reuters

Oct 28, 2025

Great Lakes Dredge & Dock Upsizes Revolving Credit Facility to $430 Million and Extends Maturity to 2030

Great Lakes Dredge & Dock Corporation has amended its existing Revolving Credit Facility, increasing the facility by $100 million to a total of $430 million and extending its maturity to October 2030. The company used the expanded credit facility to fully repay $100 million in second lien notes issued in 2024. This move is expected to save the company an estimated $6 million per year in interest, with no debt maturities until 2029 and a weighted average interest rate under 6%. The amendment reflects the continued confidence of the company's lending partners and strengthens Great Lakes' financial flexibility.

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. Great Lakes Dredge & Dock Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9562844-en) on October 27, 2025, and is solely responsible for the information contained therein.

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ID: GNW9562844-en) on October 27, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2210150020.SGD","symbol_name":"Natixis Thematics Subscription Economy R/A SGD","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251027:nNDL3zwCn2:1","article_id":"2578550673","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2578550673","pubTimestamp":1761595829,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Great Lakes Dredge & Dock Corporation has amended its existing Revolving Credit Facility, increasing the facility by $100 million to a total of $430 million and extending its maturity to October 2030. 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