{"schema_version":"secwatch.filing_event.v1","accession":"0000874238-25-000089","form_type":"8-K","ticker":"STRL","cik":"0000874238","company_name":"STERLING INFRASTRUCTURE, INC.","filed_at":"2025-06-09T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.536591+00:00","generated_at":"2026-05-19T17:50:18.748581+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Sterling expands credit facility to $450M, extends maturity to June 2028","bullets":["$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."],"urls":{"canonical":"https://secwatch.observer/filing/0000874238-25-000089","json":"https://secwatch.observer/filing/0000874238-25-000089.json","markdown":"https://secwatch.observer/filing/0000874238-25-000089.md","text":"https://secwatch.observer/filing/0000874238-25-000089.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/874238/000087423825000089/0000874238-25-000089-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/874238/000087423825000089/strl-20250605.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T17:50:18.748581+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a31e6787d0b24692603d1b11a96ab163d3b01ea4","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/874238/000087423825000089/0000874238-25-000089-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"up to $150,000,000"},{"label":"Counterparty","value":"BMO Bank N.A."},{"label":"Rate","value":"base rate or SOFR plus an applicable margin based on the Total Net Leverage Rati"},{"label":"Maturity","value":"June 5, 2028"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"f4251869a7f10b97b2e29269c69d2caa27a52531","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/874238/000087423825000089/0000874238-25-000089-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$300,000,000"},{"label":"Counterparty","value":"BMO Bank N.A."},{"label":"Rate","value":"base rate or SOFR plus an applicable margin based on the Total Net Leverage Rati"},{"label":"Maturity","value":"June 5, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}