secwatch.observer — SEC 8-K summary
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Issuer:     Centuri Holdings, Inc. (CTRI)
CIK:        0001981599
Form:       8-K
Filed at:   2024-09-25T23:59:59+00:00
Accession:  0001193125-24-226058
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1981599/000119312524226058/0001193125-24-226058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1981599/000119312524226058/d803102d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-226058

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