debt
confidence high
sentiment neutral
materiality 0.60
Eagle Materials adds $200M term loan, extends revolver to 2027
EAGLE MATERIALS INC
- Added $200M senior unsecured term loan A facility, fully drawn on May 5, 2022.
- Extended revolving credit facility maturity to May 5, 2027 (from July 1, 2026).
- Term loan repayable in quarterly installments of 1.25% of original principal; balance due at maturity.
- Credit agreement updated to replace LIBOR with SOFR-based interest rates.
- Uncommitted incremental facility of up to $375M available for future needs.