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.

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