---
schema_version: "secwatch.filing_event.v1"
accession: "0001402829-24-000049"
form_type: "8-K"
ticker: "ORN"
cik: "0001402829"
company_name: "Orion Group Holdings Inc"
filed_at: "2024-07-02T23:59:59+00:00"
generated_at: "2026-05-31T23:44:31.924517+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Orion Group amends credit agreement; revises liquidity covenants and prepayment schedule

## Summary
- Minimum liquidity threshold set at $8M through July 26, 2024; $10M through Sep 30, 2024; $15M thereafter.
- Mandatory prepayments: $2M by July 26, $4M by Aug 30, $4M by Sep 30, $5M by Oct 31, 2024.
- East and West Jones property sale proceeds can offset up to $10M of capital expenditures for covenant compliance.
- Amendment fee of $50,000 paid to administrative agent; release of claims against lenders.
- Cash dominion event triggered if liquidity falls below applicable threshold; reporting frequency increased.

## SEC filing metadata
- accession: 0001402829-24-000049
- form_type: 8-K
- ticker: ORN
- cik: 0001402829
- company_name: Orion Group Holdings Inc
- filed_at: 2024-07-02T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1402829/000140282924000049/0001402829-24-000049-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1402829/000140282924000049/orn-20240628x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001402829-24-000049
- JSON: https://secwatch.observer/filing/0001402829-24-000049.json
- Plain text: https://secwatch.observer/filing/0001402829-24-000049.txt

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