secwatch.observer — SEC 8-K summary
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Issuer:     MYR GROUP INC. (MYRG)
CIK:        0000700923
Form:       8-K
Filed at:   2026-09-10T20:06:12+00:00
Accession:  0000700923-26-000047
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/700923/000070092326000047/0000700923-26-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/700923/000070092326000047/myrg-20260908.htm
  HTML page:      https://secwatch.observer/filing/0000700923-26-000047

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