{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-154409","form_type":"8-K","ticker":"ROAD","cik":"0001718227","company_name":"Construction Partners, Inc.","filed_at":"2025-07-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.765582+00:00","generated_at":"2026-05-18T09:39:22.917290+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Construction Partners upsizes revolver to $500M, term loan to $600M, extends maturity to 2030","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-154409","json":"https://secwatch.observer/filing/0001193125-25-154409.json","markdown":"https://secwatch.observer/filing/0001193125-25-154409.md","text":"https://secwatch.observer/filing/0001193125-25-154409.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1718227/000119312525154409/0001193125-25-154409-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1718227/000119312525154409/d22666d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T09:39:22.917290+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f08242ebf1b9d8197d37be4d7b5d4d1215221e18","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1718227/000119312525154409/0001193125-25-154409-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$400.0 million to $600.0 million"},{"label":"Counterparty","value":"PNC Bank, National Association"},{"label":"Rate","value":"base rate, Term SOFR or Daily Simple SOFR, plus an applicable margin percentage"},{"label":"Maturity","value":"June 28, 2030"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}