Financing ·
On September 1, 2026, Everus Construction Group entered into a First Amendment to its Credit Agreement with JPMorgan…
ECGEverus Construction Group, Inc.
On September 1, 2026, Everus Construction Group entered into a First Amendment to its Credit Agreement with JPMorgan Chase Bank. The amendment refinances existing senior secured first lien term loans and increases the aggregate principal amount by $200.0 million to a total of $477.5 million. It also increases revolving credit commitments by $125.0 million to a total commitment of $350.0 million. Borrowings now bear interest at Term SOFR plus 1.75% to 2.50%, or Base Rate plus 0.75% to 1.50%, representing more favorable pricing than the previous agreement. Proceeds from the new term loans will refinance existing debt, fund the previously announced acquisition of Epsilon Industries, and cover related fees and working capital needs. Everus Construction Group operates in the construction industry.