---
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"
generated_at: "2026-06-14T21:05:19.153250+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Orion Group closes $103M credit facility and $13M equipment sale-leaseback

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001402829-23-000032
- JSON: https://secwatch.observer/filing/0001402829-23-000032.json
- Plain text: https://secwatch.observer/filing/0001402829-23-000032.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: White Oak ABL, LLC and White Oak Commercial Finance, LLC
  - Value: $103.0 million
  - Effective: 2023-05-15
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1402829/000140282923000032/0001402829-23-000032-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.