8-K
filed April 1, 2026, 7:59 PM ET
CIK 0001372020
M&A
confidence high
sentiment neutral
materiality 0.95
Great Lakes Dredge & Dock CORP: M&A transaction — Saltchuk completes acquisition of Great Lakes Dredge & Dock at $17/share
Great Lakes Dredge & Dock CORP
- 53,738,558 shares (79.88%) tendered; Merger Sub accepted all; merger effective April 1, 2026.
- Saltchuk purchased $258.1M (79.4%) of 5.25% Senior Notes due 2029 at $1,001.25 per $1,000.
- Company repaid and terminated its Second Amended Revolving Credit and Security Agreement; all liens released.
- Directors resigned; new directors from Saltchuk appointed; officers remain.
- Requested delisting from Nasdaq; will file Form 15 to terminate SEC registration.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Great Lakes Dredge & Dock CORP: Bylaws of Merger Sub became bylaws of surviving corporation.
- Change
- bylaw amendment
Exact text from the filing
the bylaws of Merger Sub, as in effect as of the Effective Time, became the bylaws of the Surviving Corporation
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Great Lakes Dredge & Dock CORP: Certificate of incorporation amended and restated in connection with merger.
- Change
- charter amendment
Exact text from the filing
the certificate of incorporation of the Company was amended and restated in its entirety to be in the form of the certificate of incorporation of Merger Sub
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Great Lakes Dredge & Dock CORP underwent a change of control involving Saltchuk Resources, Inc. for $17.00 per Share (closed 2026-04-01).
- Action
- change of control
- Counterparty
- Saltchuk Resources, Inc.
- Consideration
- $17.00 per Share
- Closing
- 2026-04-01
Exact text from the filing
Securities and Exchange Commission (the “SEC”) on February 11, 2026, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Saltchuk Resources, Inc., a Washington corporation (“Saltchuk”), and Huron MergeCo., Inc., a Delaware corporation and a wholly owned subsidiary of Saltchuk (“Merger Sub”), on February 10, 2026.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Great Lakes Dredge & Dock CORP amended Supplemental Indenture with Computershare Trust Company, N.A., as trustee (effective 2026-04-01).
- Action
- amendment
- Agreement
- notes offering
- Counterparty
- Computershare Trust Company, N.A., as trustee
- Effective
- 2026-04-01
Exact text from the filing
On April 1, 2026, the Company, the subsidiary guarantors party to the Indenture and the Trustee entered into a Supplemental Indenture to the Indenture (the “Supplemental Indenture”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Great Lakes Dredge & Dock CORP terminated Second Amended and Restated Revolving Credit and Security Agreement with PNC Bank, National Association, as administrative agent (effective 2026-04-01).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- PNC Bank, National Association, as administrative agent
- Effective
- 2026-04-01
Exact text from the filing
On April 1, the Company repaid in full all outstanding borrowings under its Second Amended and Restated Revolving Credit and Security Agreement, dated as of July 29, 2022, by and among the Company, certain subsidiaries of the Company party thereto, the lenders party thereto and PNC Bank, National Association, as administrative agent (as amended, modified, supplemented or restated through the date hereof, the “Credit Agreement”).
View on SEC.gov
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