secwatch.observer — SEC 8-K summary
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Issuer:     NWPX Infrastructure, Inc. (NWPX)
CIK:        0001001385
Form:       8-K
Filed at:   2023-07-03T23:59:59+00:00
Accession:  0001437749-23-019231
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Northwest Pipe extends $125M credit facility to June 2028, revises EBITDA covenant to $35M
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- Maturity extended from June 30, 2024 to June 29, 2028 via Third Amendment to Credit Agreement.
- Revolving loan, swingline, and letters of credit facility remains at $125M with $50M accordion option.
- Consolidated senior leverage ratio covenant increased to >3.00x; minimum EBITDA raised to $35M (trailing 4Q).
- Amendment with Wells Fargo as administrative agent and sole lender; all Lenders consented.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001385/000143774923019231/0001437749-23-019231-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001385/000143774923019231/nwpx20230509_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-019231

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer