On June 18, 2026, Construction Partners, Inc. entered into Amendment No. 1 to its Term Loan B Credit Agreement, increasing the aggregate principal amount of term loans from $839.4 million to $1,139.4 million, which includes $300.0 million in incremental term loans. The amendment refinances existing loans to reduce interest rate margins by 0.25% per annum if the consolidated first lien net leverage ratio remains below 2.95-to-1.00. Key changes include a maturity date of November 1, 2031, quarterly amortization payments of 0.25%, and a new annual stock repurchase basket of up to $50.0 million. The company also increased leverage ratio tests for incremental debt and excess cash flow sweeps by 0.25 to 1.00. The company provides commercial concrete and asphalt paving services for the construction industry.
