Knife River upsizes term loans by $400M, reduces interest margin by 25bps

Knife River Corp

Increased term B loans by $400M aggregate principal; total outstanding now $895M.
Interest rate margin reduced by 0.25%; SOFR loans at 1.75%, base rate at 0.75%.
Proceeds will refinance existing term B loans, repay revolver borrowings, and for working capital and general corporate purposes.
Second Amendment dated May 15, 2026; JPMorgan Chase Bank, N.A. is administrative agent.

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