Southland Holdings Targets Preferred Share Issuance Amid $6 Million Quarterly Interest Expense
Southland Holdings, Inc. (SLND) has announced plans to issue preferred shares by December 18 as part of its ongoing capital management strategy. The company expects to incur approximately $6 million in quarterly interest expenses during this period. During the Q3 2026 earnings call, CEO and Interim Chairman Frankie S. Renda confirmed that the company has executed a financial assistance agreement and a second amendment to its term loan facility. These actions formalize ongoing support from the company's sureties, providing additional stability to its financial structure.
Topics: debt restructuring earnings call financial assistance agreement