Construction Partners, Inc. - 8-K Filing
Construction Partners, Inc. amended its credit agreement with PNC Bank and other lenders to increase the revolving credit facility from $500 million to $700 million (Incremental Revolver Increase). The amendment also adjusted financial covenants including a minimum consolidated interest coverage ratio of 2.75-to-1.00, and varying maximum net leverage ratios ranging from 4.75-to-1.00 in Q2-Q3 2026 to 4.00-to-1.00 starting June 2028. Additional changes include permitting up to $50 million annual stock repurchases under a share buyback plan and increased flexibility for capital management. (Items: 1.01 Entry into a Material Definitive Agreement, 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant)
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