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AI brief of an SEC Form 8-K · Knife River (KNF)

Knife River completes $454 million Strata acquisition, amends credit facilities

Neutral Impact 4 of 5 m&a Written later

Knife River completed its acquisition of Strata Corporation for $454 million, which the company says is about 9 times Strata's projected 2025 EBITDA. The company also entered a First Amendment to its credit agreement on March 7, 2025, providing a $500 million revolver, a term loan A of approximately $265 million and a $500 million term loan B, which funded part of the deal.

Key points

  • Purchase price for Strata Corporation was $454 million, about 9 times Strata's projected 2025 EBITDA.
  • First Amendment dated March 7, 2025 adds a five-year $500 million revolving credit facility and a five-year term loan A of approximately $265 million.
  • A seven-year $500 million term loan B funded part of the acquisition; letters of credit are available up to $100 million.
  • Knife River plans to update its consolidated 2025 guidance with its first quarter 2025 results.

The filing

CompanyKnife River (KNF)
Form8-K, current report
Filed with the SECMar 10, 2025, 5:14 PM ET
Accession number0001955520-25-000013

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 10, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.