MYR Group signs new credit agreement: $690M revolver, $150M term loan, C$70M tranche

MYR GROUP INC.

Five-year Fourth Amended and Restated Credit Agreement dated Sept 8, 2026, led by JPMorgan, BofA, Wells Fargo.
Revolving facility of $690M (incl. $200M non-USD, $100M LC, $25M swingline) plus $150M USD and C$70M term loans.
Expansion option up to $445M; replaces May 2023 facility with $490M revolver and $200M expansion option.
Proceeds to refinance existing debt, fund working capital, capex, acquisitions; covenants: max net leverage 3.0, min interest coverage 3.0.
Interest margins: ABR +0.25%-1.00%, Term Benchmark +1.25%-2.00%, commitment fee 0.20%-0.30%.

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