---
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"
generated_at: "2026-05-19T17:50:18.748581+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000874238-25-000089
- JSON: https://secwatch.observer/filing/0000874238-25-000089.json
- Plain text: https://secwatch.observer/filing/0000874238-25-000089.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/874238/000087423825000089/0000874238-25-000089-index.htm
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/874238/000087423825000089/0000874238-25-000089-index.htm

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