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Recent Updates — CDNL

September 11, 2026View Source ↗

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.

August 11, 2026View Source ↗

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.