secwatch.observer — SEC 8-K summary
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Issuer:     Construction Partners, Inc. (ROAD)
CIK:        0001718227
Form:       8-K
Filed at:   2024-05-29T23:59:59+00:00
Accession:  0001193125-24-149169
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Construction Partners upsizes revolver $75M, converts $125M revolver debt to term loan, insider share exchange
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- Increased revolving credit facility from $325M to $400M; added $125M incremental term loan from revolver reallocation.
- Term loan outstanding ~$401.3M; revolver outstanding ~$98.1M after amendment.
- New lenders: South State Bank, First-Citizens Bank & Trust, Comerica Bank joined as lenders.
- Executed exchanges: insiders swapped 250,000 Class A for Class B shares (and vice versa); no net share count change.
- Amended credit agreement updates covenants; incremental facility option remains available.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1718227/000119312524149169/0001193125-24-149169-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1718227/000119312524149169/d836320d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-149169

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