** Construction services co Cardinal Infrastructure's CDNL.O shares down 8% to $72.76 premarket on Tues as it seeks equity

** Raleigh, North Carolina-based CDNL late Mon unveiled proposed offering of 3.75 mln shares

** It intends to use net offering proceeds to repay approx $33 mln of borrowings under credit facility, and for general purposes, including funding acquisitions, working capital, capex and paying down/refinancing other debt, per the prospectus

** Stifel, William Blair and Truist Secs joint bookrunners

** CDNL, which has ~42.9 mln shares outstanding, went public in Dec after selling 11.5 mln shares at $21

** Stock on Mon ended down 2.8% at $79.10 after hitting record intraday high of $82.33. Stock has nearly doubled QTD

** The 3 analysts covering the stock rate it "strong buy"; median PT $71.50, according to LSEG data