Centuri Holdings enters $125M receivables securitization facility, to repay existing debt

Centuri Holdings, Inc.

Three-year facility up to $125M, termination date September 17, 2027.
Proceeds used to repay outstanding amounts under the existing revolving credit facility and term loan.
Centuri Special Purpose Entity, LLC is the seller; PNC Bank, National Association is administrative agent.
Centuri Group, Inc. provides a performance guaranty for the originators and servicer obligations.
Facility includes customary representations, covenants, indemnification, and events of default.

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