secwatch.observer — SEC 8-K summary
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Issuer:     Orion Group Holdings Inc (ORN)
CIK:        0001402829
Form:       8-K
Filed at:   2023-05-18T23:59:59+00:00
Accession:  0001402829-23-000032
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1402829/000140282923000032/0001402829-23-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1402829/000140282923000032/orn-20230515x8k.htm
  HTML page:      https://secwatch.observer/filing/0001402829-23-000032

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