Sterling expands credit facility to $450M, extends maturity to June 2028

STERLING INFRASTRUCTURE, INC.

$300M term loan plus $150M revolver (up from $75M); maturity extended to June 5, 2028.
Interest margin reduced 25 bps; quarterly amortization lowered to $3.75M (from $6.56M).
As of June 5, 2025, $785M cash; revolver undrawn and $300M term loan outstanding.
Enhanced flexibility: covenant holiday option, higher debt/EBITDA caps, no excess cash flow sweep.
Proceeds to refinance existing debt, fund capex, and support M&A.

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