---
schema_version: "secwatch.filing_event.v1"
accession: "0001402829-23-000037"
form_type: "8-K"
ticker: "ORN"
cik: "0001402829"
company_name: "Orion Group Holdings Inc"
filed_at: "2023-06-26T23:59:59+00:00"
generated_at: "2026-06-13T16:57:18.638243+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Orion Group completes $20.3M sale-leasebacks; proceeds to reduce debt and fund growth

## Summary
- Closed sale-leaseback of Port Lavaca South Yard for $12.0M; Baytown Pipe Yard sale for $8.3M expected to close Q4 2023.
- Total proceeds of $20.3M to be used for debt reduction and general corporate purposes.
- CEO Travis Boone says monetizing real estate assets is key to strategic plan to improve financial performance.
- Transactions strengthen liquidity; Port Lavaca deal already closed, Baytown pending normal due diligence.

## SEC filing metadata
- accession: 0001402829-23-000037
- form_type: 8-K
- ticker: ORN
- cik: 0001402829
- company_name: Orion Group Holdings Inc
- filed_at: 2023-06-26T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1402829/000140282923000037/0001402829-23-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1402829/000140282923000037/orn-20230621x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001402829-23-000037
- JSON: https://secwatch.observer/filing/0001402829-23-000037.json
- Plain text: https://secwatch.observer/filing/0001402829-23-000037.txt

## Key facts
- Material Agreements
  Orion Group Holdings Inc entered into a lease with Pelican Marine Services, LLC valued at $8.3 million (effective 2023-06-21).
  - Action: entry
  - Agreement: lease
  - Counterparty: Pelican Marine Services, LLC
  - Value: $8.3 million
  - Effective: 2023-06-21
  source text: On June 21, 2023, Orion Group Holdings, Inc. (the "Company") entered into a Land Sale-Leaseback Contract with Pelican Marine Services, LLC, a Louisiana limited liability company, who, subject to normal due diligence conditions, has agreed to purchase the Company’s Baytown Pipe Yard property in Baytown, Texas. The purchase price is $8.3 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1402829/000140282923000037/0001402829-23-000037-index.htm
- Material Agreements
  Orion Group Holdings Inc entered into a lease with Store Capital Acquisitions, LLC valued at $12.0 million (effective 2023-06-23).
  - Action: entry
  - Agreement: lease
  - Counterparty: Store Capital Acquisitions, LLC
  - Value: $12.0 million
  - Effective: 2023-06-23
  source text: On June 23, 2023, the Company closed on the Land-Sale Leaseback Contract with Store Capital Acquisitions, LLC, a Delaware limited liability company, for the Company’s Port Lavaca South Yard property located in Port Lavaca, Texas for a purchase price of $12.0 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1402829/000140282923000037/0001402829-23-000037-index.htm

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