Construction Partners, Inc. (ROAD): debt financing — Construction Partners upsizes revolver to $500M, term loan to $600M, extends maturity to 2030

Construction Partners, Inc.

Revolving credit facility increased from $400M to $500M; term loan A increased from $400M to $600M.
Maturity extended to June 28, 2030; outstanding revolver balance paid off as of June 30, 2025.
New lenders TD Bank and City National Bank added; new subsidiaries joined as borrowers.
Replaced fixed charge coverage ratio with interest coverage ratio of 3.00x; net leverage covenant steps down to 3.75x.
Incremental facility up to $400M (or EBITDA) available; SOFR margin no longer subject to 0.10% adjustment.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Construction Partners, Inc. amended credit facility of $400.0 million to $600.0 million with PNC Bank, National Association at base rate, Term SOFR or Daily Simple SOFR, plus an applicable margin percentage maturing June 28, 2030.

Instrument: credit facility
Principal: $400.0 million to $600.0 million
Counterparty: PNC Bank, National Association
Rate: base rate, Term SOFR or Daily Simple SOFR, plus an applicable margin percentage
Maturity: June 28, 2030
Event: amendment

Exact text from the filing

Loan A / Revolver Credit Agreement”) to, among other things, (i) increase the existing revolving credit facility under the Existing Term Loan A / Revolver Credit Agreement from $400.0 million to $500.0 million (the “Increased Revolving Credit Facility”), (ii) increase the existing term loan facility under the Existing Term Loan A / Revolver Credit Agreement from

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Construction Partners, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-154409

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