{"schema_version":"secwatch.filing_event.v1","accession":"0000700923-23-000049","form_type":"8-K","ticker":"MYRG","cik":"0000700923","company_name":"MYR GROUP INC.","filed_at":"2023-06-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.955385+00:00","generated_at":"2026-06-14T08:40:05.101311+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"MYR Group enters five-year $490M credit facility, replacing $375M facility","bullets":["Revolving credit facility increased from $375M to $490M, with $200M expansion option.","Facility secured by substantially all assets of company and domestic subsidiaries; domestic subs guarantee repayment.","Financial covenants: max net leverage ratio 3.0, min interest coverage ratio 3.0.","Interest at Alternate Base Rate + 0.25-1.00% or Term Benchmark Rate + 1.25-2.00%; SOFR replaces LIBOR.","Proceeds to refinance existing debt and fund working capital, capex, acquisitions."],"urls":{"canonical":"https://secwatch.observer/filing/0000700923-23-000049","json":"https://secwatch.observer/filing/0000700923-23-000049.json","markdown":"https://secwatch.observer/filing/0000700923-23-000049.md","text":"https://secwatch.observer/filing/0000700923-23-000049.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/700923/000070092323000049/0000700923-23-000049-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/700923/000070092323000049/myrg-20230531.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T08:40:05.101311+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f2a40429fd88a05e46ec6347827d702ad77695d0","claim":"MYR GROUP INC. incurred revolving credit of $490 million with JPMorgan Chase Bank, N.A. and Bank of America, N.A. at Alternate Base Rate plus applicable margin ranging from 0.25% to 1.00%, or Term maturing five-year.","evidence_excerpt":"On May 31, 2023, MYR Group Inc. (the “Company”) entered into a five-year third amended and restated credit agreement (the “Credit Agreement”) which provides a revolving credit facility of $490 million (the “Facility”) with a syndicate of banks led by JPMorgan Chase Bank, N.A. and Bank of America, N.A.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/700923/000070092323000049/0000700923-23-000049-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$490 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A. and Bank of America, N.A."},{"label":"Rate","value":"Alternate Base Rate plus applicable margin ranging from 0.25% to 1.00%, or Term"},{"label":"Maturity","value":"five-year"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}