Financing ·
Southland Holdings entered into a Financial Assistance Agreement and Second Amendment to its Credit Agreement with…
SLND-WTSouthland Holdings, Inc.
Southland Holdings entered into a Financial Assistance Agreement and Second Amendment to its Credit Agreement with surety partners on August 13, 2026. The company expects to convert $150.86 million of Non-Bonding Financing into senior non-voting preferred shares by September 30, 2026. Bonding Surety Financing totaled $58.97 million as of June 30, 2026. The Credit Amendment retroactively reduced the interest rate to 4.00% per annum with capitalized interest, suspended quarterly amortization and financial maintenance covenants, and eliminated certain early maturity triggers for the outstanding $96.4 million term loan balance.