{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-044342","form_type":"8-K","ticker":"ROAD","cik":"0001718227","company_name":"Construction Partners, Inc.","filed_at":"2026-06-18T20:22:01+00:00","discovered_at":"2026-06-18T20:23:00.397394+00:00","generated_at":"2026-06-18T20:32:03.922594+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Construction Partners refinances Term Loan B, adds $300M incremental debt","bullets":["Amended Term Loan B Credit Agreement increases total term loans from $839.4M to $1,139.4M.","Interest rate margin reduced by 0.25% if first lien net leverage < 2.95x; Level 1 Pricing applies initially.","Maturity unchanged at November 1, 2031; quarterly amortization of 0.25% of original principal.","New covenant baskets allow up to $50M/year in stock repurchases and increased leverage ratio flexibility.","Joint lead arrangers include Goldman Sachs, BofA Securities, PNC, TD Securities, Regions, RBC."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-044342","json":"https://secwatch.observer/filing/0001628280-26-044342.json","markdown":"https://secwatch.observer/filing/0001628280-26-044342.md","text":"https://secwatch.observer/filing/0001628280-26-044342.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1718227/000162828026044342/0001628280-26-044342-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1718227/000162828026044342/road-20260618.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T20:32:03.922594+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6bd16931624a13f19dc12f41a1f6a7518bf0ff0c","claim":"Construction Partners, Inc. amended term loan of $300.0 million with Bank of America, N.A., as administrative agent at Level 1 Pricing reduced by 0.25% if consolidated first lien net leverage ratio i maturing November 1, 2031.","evidence_excerpt":"the interest rate margins payable thereunder as described below (the “Refinancing Term Loans”) and (ii) provides for incremental term loans in the aggregate principal amount of $300.0 million (the “Incremental Term Loans” and, together with the Refinancing Term Loans, the “TLB Term Loans”). The TLB Amendment modified the Applicable Margin (as defined in the Amended","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1718227/000162828026044342/0001628280-26-044342-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$300.0 million"},{"label":"Counterparty","value":"Bank of America, N.A., as administrative agent"},{"label":"Rate","value":"Level 1 Pricing reduced by 0.25% if consolidated first lien net leverage ratio i"},{"label":"Maturity","value":"November 1, 2031"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"4e76847ea1aa7f3d8adb69804ce1b24c8e3f0a35","claim":"Construction Partners, Inc. amended TLB Amendment with Bank of America, N.A., as administrative agent, BofA Securities, Inc., PNC Capital Markets LLC, Regions Capital Markets, a division of Regions Bank, and TD Securities (USA) LLC (effective 2026-06-18).","evidence_excerpt":"On June 18, 2026, the TLB Loan Parties and the TLB Lenders entered into that certain Amendment No. 1 to Term Loan Credit Agreement (the “TLB Amendment,” and the Term Loan B Credit Agreement, as amended by the TLB Amendment, the “Amended Term Loan B Credit Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1718227/000162828026044342/0001628280-26-044342-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A., as administrative agent, BofA Securities, Inc., PNC Capital Markets LLC, Regions Capital Markets, a division of Regions Bank, and TD Securities (USA) LLC"},{"label":"Effective","value":"2026-06-18"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}