Sterling Infrastructure Inc.
Sterling Infrastructure, Inc. Announces Extension and Expansion of Credit Facility
Summary
On June 5, 2025, Sterling Infrastructure, Inc. entered into an Amended and Restated Credit Agreement, extending the maturity to June 2028 and expanding the credit facility to $450 million, inclusive of a $300 million term loan and a $150 million revolving credit facility. The amendment also provides flexibility for future borrowing and reduces interest rates. As of June 5, 2025, $300 million in borrowings were outstanding under the term loan, with no borrowings under the revolving credit facility. The amendment was led by BMO Capital Markets Corp. and BMO Bank N.A. On June 9, 2025, the company issued a press release announcing the amendment.
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About Sterling Infrastructure Inc.
Sterling Infrastructure Inc. is a diversified infrastructure services company primarily focused on heavy civil engineering and construction services throughout the United States. This enterprise specializes in the development of transportation and water infrastructure, site development, and remediating hazardous waste sites. With operations encompassing key areas such as highways, bridges, railways, airports, and water containment and treatment facilities, Sterling Infrastructure Inc. plays a crucial role in bolstering the nation's foundational framework. The company's projects often involve collaborations with public sector entities, reflecting its significance in executing large-scale initiatives vital to urban development and environmental sustainability. As a company listed on a major stock exchange, Sterling Infrastructure Inc. is pivotal within the construction and engineering sectors, addressing both commercial and government needs and contributing substantially to economic growth and regional connectivity.
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