Orion Group Holdings Inc (ORN): debt financing — 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.

item 1.01 item 1.02 item 2.03 item 3.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Orion Group Holdings Inc incurred credit facility of $120.0 million with UMB Bank, N.A. at ABR Rate or SOFR Rate plus applicable rate maturing December 2030.

Instrument: credit facility
Principal: $120.0 million
Counterparty: UMB Bank, N.A.
Rate: ABR Rate or SOFR Rate plus applicable rate
Maturity: December 2030
Event: incurrence

Exact text from the filing

On December 23, 2025, Orion Group Holdings, Inc., as borrower (the “Company”) entered into a $120.0 million Credit Agreement (the “Credit Agreement”) with certain financial institutions from time-to-time party thereto, as lenders, and UMB Bank, N.A., as Administrative Agent and Issuing Bank (the “Agent”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Orion Group Holdings Inc entered into Credit Agreement with certain financial institutions from time-to-time party thereto, as lenders, and UMB Bank, N.A., as Administrative Agent and Issuing Bank valued at $120.0 million (effective 2025-12-23).

Action: entry
Agreement: credit facility
Counterparty: certain financial institutions from time-to-time party thereto, as lenders, and UMB Bank, N.A., as Administrative Agent and Issuing Bank
Value: $120.0 million
Effective: 2025-12-23

Exact text from the filing

On December 23, 2025, Orion Group Holdings, Inc., as borrower (the “Company”) entered into a $120.0 million Credit Agreement (the “Credit Agreement”) with certain financial institutions from time-to-time party thereto, as lenders, and UMB Bank, N.A., as Administrative Agent and Issuing Bank (the “Agent”).

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Orion Group Holdings Inc terminated Prior Credit Agreement with White Oak ABL, LLC and White Oak Commercial Finance, LLC valued at approximately $1.1 million (effective 2025-12-23).

Action: termination
Agreement: credit facility
Counterparty: White Oak ABL, LLC and White Oak Commercial Finance, LLC
Value: approximately $1.1 million
Effective: 2025-12-23

Exact text from the filing

On December 23, 2025, in connection with entering into the Credit Agreement, the Company’s prior Credit Agreement, dated May 15, 2023, with White Oak ABL, LLC and White Oak Commercial Finance, LLC (the “Prior Credit Agreement) was terminated, and all amounts outstanding thereunder were repaid.

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102 debt financings filed in the last 30 days. Browse all debt financings →

Orion Group Holdings Inc filing history →

Source: SEC EDGAR

accession 0001402829-25-000065

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