---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-26-002615"
form_type: "8-K"
ticker: "SLND"
cik: "0001883814"
company_name: "Southland Holdings, Inc."
filed_at: "2026-03-24T23:59:59+00:00"
generated_at: "2026-05-15T09:15:40.851840+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001829126-26-002615
- form_type: 8-K
- ticker: SLND
- cik: 0001883814
- company_name: Southland Holdings, Inc.
- filed_at: 2026-03-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1883814/000182912626002615/0001829126-26-002615-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1883814/000182912626002615/southland_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-26-002615
- JSON: https://secwatch.observer/filing/0001829126-26-002615.json
- Plain text: https://secwatch.observer/filing/0001829126-26-002615.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1883814/000182912626002615/0001829126-26-002615-index.htm

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