secwatch.observer — SEC 8-K summary
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Issuer:     Construction Partners, Inc. (ROAD)
CIK:        0001718227
Form:       8-K
Filed at:   2026-06-08T12:02:36+00:00
Accession:  0001628280-26-041390
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Construction Partners ups revolver to $700M, adjusts leverage covenants
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- Revolving credit facility increased from $500M to $700M.
- Maximum net leverage ratio steps down: 4.75x through Sept 2026 to 4.00x from June 2028.
- Minimum interest coverage ratio set at 2.75-to-1.00.
- Permits up to $50M/year in stock repurchases under share repurchase plans.
- Material acquisition threshold raised from $75M to $100M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1718227/000162828026041390/0001628280-26-041390-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1718227/000162828026041390/road-20260603.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-041390

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