Sterling expands credit facility to $1.5B, extends maturity to July 2031

STERLING INFRASTRUCTURE, INC.

Borrowing capacity increased by $1.05B to $1.5B revolving credit facility; maturity extended to July 2031.
Interest rate improved by eliminating 10bp SOFR adjustment and reducing pricing margins based on Total Net Leverage Ratio.
Incremental facility base amount increased from $400M to $500M; financial covenants: Total Net Leverage ≤3.50x, Interest Coverage ≥3.00x.
As of July 2, 2026, $90M was outstanding; proceeds to refinance existing debt, fund capex, acquisitions, and general corporate purposes.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.