debt
confidence high
sentiment positive
materiality 0.60
Everus Construction amends credit agreement: term loans raised to $477.5M, revolver to $350M
Everus Construction Group, Inc.
- Term loans increased by $200M to $477.5M; 2026 Refinancing Term Loans replace original tranche.
- Revolving commitments increased by $125M to $350M; existing $50M letter-of-credit sublimit retained.
- Interest margins cut: Term SOFR spread now 1.75%-2.50% (was 2.00%-2.75%); base rate spread 0.75%-1.50%.
- Commitment fees lowered to 0.25%-0.40% from 0.30%-0.45%; proceeds used to refinance original loans and fund Epsilon Acquisition.
- First Amendment dated September 1, 2026; other material terms largely unchanged.