secwatch.observer — SEC 8-K summary
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Issuer:     Construction Partners, Inc. (ROAD)
CIK:        0001718227
Form:       8-K
Filed at:   2026-06-18T20:22:01+00:00
Accession:  0001628280-26-044342
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1718227/000162828026044342/0001628280-26-044342-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1718227/000162828026044342/road-20260618.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-044342

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