---
schema_version: "secwatch.filing_event.v1"
accession: "0000874238-23-000127"
form_type: "8-K"
ticker: "STRL"
cik: "0000874238"
company_name: "STERLING INFRASTRUCTURE, INC."
filed_at: "2023-12-28T23:59:59+00:00"
generated_at: "2026-06-07T06:40:40.510650+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Sterling Infrastructure extends credit facility maturity to April 2026 with $350M term loan refinancing

## Summary
- Fifth Amendment to Credit Agreement executed Dec 27, 2023; extends maturity 18 months to April 2, 2026.
- New $350M senior secured term loan refinances $347.4M in existing term loans; $75M revolver undrawn.
- Size, economics and covenants of $425M facility substantially unchanged from prior agreement.
- Cash and cash equivalents $409.4M as of Sept 30, 2023; revolver and term loan provide liquidity.

## SEC filing metadata
- accession: 0000874238-23-000127
- form_type: 8-K
- ticker: STRL
- cik: 0000874238
- company_name: STERLING INFRASTRUCTURE, INC.
- filed_at: 2023-12-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/874238/000087423823000127/0000874238-23-000127-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/874238/000087423823000127/strl-20231227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000874238-23-000127
- JSON: https://secwatch.observer/filing/0000874238-23-000127.json
- Plain text: https://secwatch.observer/filing/0000874238-23-000127.txt

## Key facts
- Debt Financings
  STERLING INFRASTRUCTURE, INC. incurred term loan of $350,000,000 with BMO Bank N.A. maturing April 2, 2026.
  - Instrument: term loan
  - Principal: $350,000,000
  - Counterparty: BMO Bank N.A.
  - Maturity: April 2, 2026
  - Event: incurrence
  source text: provide for the extension of new senior secured first lien term loans by the Lenders to the Borrower in the aggregate principal amount of $350,000,000 (the "Term Loans"), which shall be used to, among other things, refinance and prepay in full the $347,437,500 aggregate principal amount of term loans outstanding prior to the Amendment
  evidence_url: https://www.sec.gov/Archives/edgar/data/874238/000087423823000127/0000874238-23-000127-index.htm
- Material Agreements
  STERLING INFRASTRUCTURE, INC. amended Fifth Amendment to Credit Agreement with financial institutions party thereto as lenders and BMO Bank N.A., as administrative agent valued at $350,000,000 (effective 2023-12-27).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: financial institutions party thereto as lenders and BMO Bank N.A., as administrative agent
  - Value: $350,000,000
  - Effective: 2023-12-27
  source text: On December 27, 2023, Sterling Infrastructure, Inc. (the “Company”), as borrower, and certain of its subsidiaries, as guarantors (the “Subsidiary Guarantors”), entered into a Fifth Amendment to Credit Agreement (the “Amendment”), dated as of December 27, 2023, with the financial institutions party thereto as lenders (the “Lenders”) and BMO Bank N.A., as administrative agent for the Lenders (the “Agent”), which amends that certain Credit Agreement, dated as of October 2, 2019
  evidence_url: https://www.sec.gov/Archives/edgar/data/874238/000087423823000127/0000874238-23-000127-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.