Sterling Infrastructure, Inc. entered into a Second Amended and Restated Credit Agreement on July 2, 2026, with BMO Bank N.A. acting as administrative agent. The agreement increases the company's borrowing capacity by $1.05 billion, establishing revolving loans up to an aggregate principal amount of $1.5 billion. The facility matures on July 2, 2031, and includes an option to establish an incremental facility for term loans or additional revolving borrowings. Proceeds are intended for refinancing debt, capital expenditures, acquisitions, and general corporate purposes. As of the report date, $90 million was outstanding under the revolving loans. The agreement includes financial covenants requiring a Total Net Leverage Ratio not exceeding 3.50 to 1.00 and an Interest Coverage Ratio of at least 3.00 to 1.00. Sterling Infrastructure, Inc. provides infrastructure solutions for various construction and industrial markets.
