Sterling Infrastructure expands revolving credit facility to $1.5 billion, extends maturity to July 2031

Sterling Infrastructure, Inc.

Sterling Infrastructure, Inc.

STRL

0.00

  • Sterling Infrastructure entered a second amended and restated credit agreement, extending maturity of its credit facility to July 2031.
  • The deal replaces the existing term loan and revolving credit facilities with a revolving facility of up to $1.5 billion.
  • Borrowing capacity rises by $1.05 billion, with BMO Capital Markets and BMO Bank leading the amendment and syndication.
  • Terms include a $500 million incremental facility, lower interest costs via elimination of a 10-basis-point SOFR adjustment, and looser covenants.
  • Proceeds will support refinancing and prepayment of debt, capital spending, permitted acquisitions, and general corporate purposes.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sterling Infrastructure Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202607080905PR_NEWS_USPR_____DA00100) on July 08, 2026, and is solely responsible for the information contained therein.