STERLING INFRASTRUCTURE, INC. (STRL): debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

STERLING INFRASTRUCTURE, INC. amended revolving credit of up to $150,000,000 with BMO Bank N.A. at base rate or SOFR plus an applicable margin based on the Total Net Leverage Rati maturing June 5, 2028.

Instrument: revolving credit
Principal: up to $150,000,000
Counterparty: BMO Bank N.A.
Rate: base rate or SOFR plus an applicable margin based on the Total Net Leverage Rati
Maturity: June 5, 2028
Event: amendment

Exact text from the filing

The Amended Credit Agreement increases the existing senior secured first lien revolving credit facility by $75,000,000 to an aggregate principal amount of up to $150,000,000

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

STERLING INFRASTRUCTURE, INC. incurred term loan of $300,000,000 with BMO Bank N.A. at base rate or SOFR plus an applicable margin based on the Total Net Leverage Rati maturing June 5, 2028.

Instrument: term loan
Principal: $300,000,000
Counterparty: BMO Bank N.A.
Rate: base rate or SOFR plus an applicable margin based on the Total Net Leverage Rati
Maturity: June 5, 2028
Event: incurrence

Exact text from the filing

loans) (the “Revolving Loans”) and provides for the extension of new senior secured first lien term loans by the Lenders to the Borrower in the aggregate principal amount of $300,000,000 (the “Term Loans” and, together with the Revolving Loans, the “Credit Facilities”), which shall be used to, among other things, refinance and prepay existing indebtedness, finance

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102 debt financings filed in the last 30 days. Browse all debt financings →

STERLING INFRASTRUCTURE, INC. filing history →

Source: SEC EDGAR

accession 0000874238-25-000089

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