Sterling Infrastructure Inc.
Sterling Infrastructure Expands and Extends Credit Facility to $1.5 Billion
Summary
Sterling Infrastructure, Inc. has entered into a Second Amended and Restated Credit Agreement, which extends the maturity of its credit facility to July 2031 and expands the size of the credit facility to $1.5 billion. This represents an increase in borrowing capacity of $1.05 billion compared to the existing credit facilities. The facility will be used for refinancing and prepaying existing indebtedness, capital expenditures, permitted acquisitions, and other general corporate purposes. The amendment was led by BMO Capital Markets Corp. and BMO Bank N.A., with new and expanded lender participation from a diversified group of leading national and regional financial institutions.
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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.
Official SEC Documents
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