Southland Holdings refinances $110M term loan to sureties; gets repayment deferral through March 2027

Southland Holdings, Inc.

Paid ~$15.4M to resigning agent (Callodine): $14.4M principal + $1.0M accrued interest and fees.
Sureties (Berkshire, Zurich, Markel) advanced ~$116M under GIAs; repayment not required before March 27, 2027.
Delayed draw term loan commitment terminated; sureties waive quarterly principal and monthly interest payments until maturity.
Company agreed to dispose of idle assets and pursue claim collections to pay down principal before maturity.
Actively working with sureties on amendment to Credit Agreement; no assurances of reaching long-term financing arrangement.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Southland Holdings, Inc. entered into Assignment and Assumption Agreement with Callodine Commercial Finance, LLC (Resigning Agent), lenders (Assignors), assignees (Assignees/Sureties), and Alana Porrazzo as Trustee valued at approximately $110.0 million (effective 2026-03-17).

Action: entry
Agreement: credit facility
Counterparty: Callodine Commercial Finance, LLC (Resigning Agent), lenders (Assignors), assignees (Assignees/Sureties), and Alana Porrazzo as Trustee
Value: approximately $110.0 million
Effective: 2026-03-17

Exact text from the filing

On March 17, 2026, the Company entered into an assignment and assumption (the “Assignment and Assumption Agreement”) with Callodine Commercial Finance, LLC (the “Resigning Agent”), solely in its capacity as “Agent” under the Credit Agreement, lenders party to the Credit Agreement (individually, an “Assignor,” and collectively, the “Assignors”), the assignees parties thereto (individually, an “Assignee,” and collectively, the “Assignees,” or “Sureties”), and Alana Porrazzo, in her capacity as Trustee of the Southland Collateral Trust, as successor agent.

View on SEC.gov

245 material agreements filed in the last 30 days. Browse all material agreements →

Southland Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001829126-26-002615

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.