secwatch.observer — SEC 8-K summary
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Issuer:     STERLING INFRASTRUCTURE, INC. (STRL)
CIK:        0000874238
Form:       8-K
Filed at:   2025-06-09T23:59:59+00:00
Accession:  0000874238-25-000089
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/874238/000087423825000089/0000874238-25-000089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/874238/000087423825000089/strl-20250605.htm
  HTML page:      https://secwatch.observer/filing/0000874238-25-000089

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