Cardinal Infrastructure Group's subsidiary, Cardinal Civil Contracting, LLC, entered into a second amendment to its credit agreement with Truist Bank. The amendment significantly increases the company's borrowing capacity by establishing a new delayed draw term loan facility and increasing its existing revolving credit commitments.
Key Details
- New Term Loan Facility: A delayed draw term loan facility was established in an aggregate principal amount of up to $250,000,000.
- Increased Revolving Credit: The aggregate revolving commitments were increased by $25 million, from $75,000,000 to $100,000,000.
- Agreement Date: The second amendment to the credit agreement was executed on September 10, 2026.