Orion closes $120M refinancing with UMB; replaces $88M prior facility at lower cost

Orion Group Holdings Inc

New $120M credit facility: $60M revolver, $20M equipment term, $40M acquisition term; matures Dec 2030.
Rates at SOFR + 2.5%-3.0%, ~225 bps below the prior $88M facility; paid $1.1M make-whole to terminate old debt.
Proceeds used to repay $23M in outstanding borrowings under prior facility and for general corporate purposes.
Includes $25M uncommitted accordion to fund future acquisitions; liquidity and borrowing capacity increased.

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