secwatch.observer — SEC 8-K summary
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Issuer:     Orion Group Holdings Inc (ORN)
CIK:        0001402829
Form:       8-K
Filed at:   2025-12-29T23:59:59+00:00
Accession:  0001402829-25-000065
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 1.02, 2.03, 3.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1402829/000140282925000065/0001402829-25-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1402829/000140282925000065/orn-20251223x8k.htm
  HTML page:      https://secwatch.observer/filing/0001402829-25-000065

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