---
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"
generated_at: "2026-06-18T20:32:03.922594+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Construction Partners refinances Term Loan B, adds $300M incremental debt

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-044342
- JSON: https://secwatch.observer/filing/0001628280-26-044342.json
- Plain text: https://secwatch.observer/filing/0001628280-26-044342.txt

## Key facts
- Debt Financings
  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.
  - Instrument: term loan
  - Principal: $300.0 million
  - Counterparty: Bank of America, N.A., as administrative agent
  - Rate: Level 1 Pricing reduced by 0.25% if consolidated first lien net leverage ratio i
  - Maturity: November 1, 2031
  - Event: amendment
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1718227/000162828026044342/0001628280-26-044342-index.htm
- Material Agreements
  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).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: 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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1718227/000162828026044342/0001628280-26-044342-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.