Recent Updates — CDNL
Cardinal Infrastructure Group Inc.'s subsidiary, Cardinal Civil Contracting LLC, entered into a second amendment to its credit agreement with Truist Bank on September 10, 2026. The amendment establishes a delayed draw term loan facility with an aggregate principal amount of up to $250 million and increases the aggregate revolving commitments from $75 million to $100 million. Other provisions of the existing credit agreement remain unchanged. Cardinal Infrastructure Group Inc. operates in the infrastructure construction industry.
Cardinal Infrastructure Group Inc. reported second quarter 2026 results with record revenue of $226.9 million, up 114% year-over-year, and adjusted EBITDA of $28.1 million. The company raised its full-year 2026 revenue guidance to $880-$900 million and announced the acquisition of Allied Paving for approximately $120 million in cash and stock. Cardinal operates as a full-service infrastructure service provider specializing in civil and site development solutions in the Southeastern United States.