{"schema_version":"secwatch.filing_event.v1","accession":"0001402829-23-000032","form_type":"8-K","ticker":"ORN","cik":"0001402829","company_name":"Orion Group Holdings Inc","filed_at":"2023-05-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.715962+00:00","generated_at":"2026-06-14T21:05:19.153250+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Orion Group closes $103M credit facility and $13M equipment sale-leaseback","bullets":["New $103M senior secured facility includes $65M revolver (SOFR+5.5%) and $38M term loan (SOFR+8%, 4% floor).","Initial $9.5M revolver draw; proceeds to refinance existing debt and for general corporate/working capital.","Also closed $13M sale-leaseback of concrete equipment with Gordon Brothers on 24- and 36-month schedules.","Facility replaces prior $42.5M revolver with Regions Bank, significantly increasing liquidity."],"urls":{"canonical":"https://secwatch.observer/filing/0001402829-23-000032","json":"https://secwatch.observer/filing/0001402829-23-000032.json","markdown":"https://secwatch.observer/filing/0001402829-23-000032.md","text":"https://secwatch.observer/filing/0001402829-23-000032.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1402829/000140282923000032/0001402829-23-000032-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1402829/000140282923000032/orn-20230515x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T21:05:19.153250+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":"2516556e9140434f62a0bc62fc8e2b859f4424ad","claim":"Orion Group Holdings Inc entered into senior secured credit facility with White Oak ABL, LLC and White Oak Commercial Finance, LLC valued at $103.0 million (effective 2023-05-15).","evidence_excerpt":"On May 15, 2023, Orion Group Holdings, Inc. (the “Company”) entered into a new three-year $103.0 million senior secured credit facility with White Oak ABL, LLC and White Oak Commercial Finance, LLC","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1402829/000140282923000032/0001402829-23-000032-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"White Oak ABL, LLC and White Oak Commercial Finance, LLC"},{"label":"Value","value":"$103.0 million"},{"label":"Effective","value":"2023-05-15"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}