Financing ·
On September 8, 2026, MYR Group Inc. entered into a five-year Fourth Amended And Restated Credit Agreement with a…
MYRGMyr Group Inc.
On September 8, 2026, MYR Group Inc. entered into a five-year Fourth Amended And Restated Credit Agreement with a syndicate of banks led by JPMorgan Chase Bank, N.A., Bank of America, N.A., and Wells Fargo Bank, National Association. The agreement establishes a $690 million revolving credit facility and a term loan facility comprising a $150 million U.S. dollar tranche and a C$70 million Canadian dollar tranche. Borrowings are intended to refinance existing indebtedness and fund working capital, capital expenditures, acquisitions, and general corporate purposes. The facility includes an expansion option allowing for up to an additional $445 million in commitments. Financial covenants require a maximum Net Leverage Ratio of 3.0 and a minimum interest coverage ratio of 3.0. MYR Group Inc. operates in the infrastructure services industry, providing construction and maintenance solutions for transportation and utility networks.