Suncrete amends Bank of America-led credit pact, adds USD 175 million delayed-draw term loan facility

Bank of America Corp
Suncrete, Inc. Class A

Bank of America Corp

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Suncrete, Inc. Class A

RMIX

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  • Suncrete amended its Bank of America-led credit agreement on June 30, 2026, expanding liquidity for acquisitions.
  • Revolving credit facility commitments increased to USD 50 million from USD 25 million.
  • New USD 175 million delayed draw term loan facility added, maturing July 29, 2029; drawings allowed through Dec. 31, 2027.
  • Delayed draw proceeds restricted to refinancing prior acquisitions, funding permitted acquisitions, paying earnouts, covering transaction expenses.
  • Amendment also resets leverage covenant to a senior net leverage ratio of 4.00x through June 30, 2027, then 3.50x after Sept. 30, 2027.


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