---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-24-006622"
form_type: "8-K"
ticker: "SLND"
cik: "0001883814"
company_name: "Southland Holdings, Inc."
filed_at: "2024-10-03T23:59:59+00:00"
generated_at: "2026-05-30T21:43:26.284054+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Southland Holdings closes $160M senior secured credit facility with Callodine

## Summary
- $160M facility: $140M initial term loan + $20M delayed draw; matures Sept 2028.
- $96M of proceeds refinanced existing debt, including $74.5M Frost Bank revolver terminated.
- $37.8M will be available for general corporate purposes; $6.2M for transaction costs.
- Interest at 7.25% plus SOFR (floor 3%); quarterly amortization starting Dec 2024.
- Requires minimum liquidity of $20M; TTM EBITDA covenant tested if liquidity under $30M.

## SEC filing metadata
- accession: 0001829126-24-006622
- form_type: 8-K
- ticker: SLND
- cik: 0001883814
- company_name: Southland Holdings, Inc.
- filed_at: 2024-10-03T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1883814/000182912624006622/0001829126-24-006622-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1883814/000182912624006622/southlandhold_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-24-006622
- JSON: https://secwatch.observer/filing/0001829126-24-006622.json
- Plain text: https://secwatch.observer/filing/0001829126-24-006622.txt

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