secwatch.observer — SEC 8-K summary
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Issuer:     Southland Holdings, Inc. (SLND)
CIK:        0001883814
Form:       8-K
Filed at:   2026-08-13T11:10:16+00:00
Accession:  0001829126-26-008737
Event type: debt
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Southland secures surety financing deal; converts $150.86M to preferred shares
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- Sureties provided $209.8M total financing as of June 30, 2026: $58.97M bonding, $150.86M non-bonding.
- Non-bonding financing to convert into $150.86M senior non-voting preferred shares, issued by Sept 30, 2026.
- Credit Agreement interest rate cut to 4% PIK from 7.25%+SOFR; quarterly amortization and financial covenants suspended.
- $89.1M Washington State Convention Center settlement repayment terms still under negotiation.
- Preferred shares have $1,000 stated value, perpetual, senior to all equity; excess converts back to unsecured debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1883814/000182912626008737/0001829126-26-008737-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1883814/000182912626008737/southland_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-26-008737

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