Suncrete amends credit agreement: revolver increased to $50M, adds $175M delayed draw term loan

Suncrete, Inc.

Revolver commitments increased from $25M to $50M; $22M drawn as of June 30, 2026.
New $175M delayed draw term loan facility, matures July 29, 2029, with quarterly amortization.
Proceeds must be used to refinance prior acquisitions and finance future permitted acquisitions.
Financial covenants modified: minimum consolidated senior net leverage ratio of 4.00x through June 2027, then 3.50x.
Material acquisition threshold raised from $25M to $50M; equity issuance carve-out of up to $400M for acquisitions.

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