MYR Group enters five-year credit agreement with $690 million revolving facility
On September 8, 2026, MYR Group entered a five-year Fourth Amended and Restated Credit Agreement with a bank syndicate led by JPMorgan Chase, Bank of America and Wells Fargo. The deal replaces the company's May 31, 2023 credit agreement, which included a $490 million revolver, and adds a $150 million U.S. dollar term loan and a C$70 million Canadian dollar term loan. Borrowings are secured by substantially all company and domestic subsidiary assets and carry financial covenants, so shareholders should note the added debt capacity and its collateral and leverage conditions.
Key points
- Agreement dated September 8, 2026, is a five-year Fourth Amended and Restated Credit Agreement led by JPMorgan Chase Bank, N.A., Bank of America, N.A. and Wells Fargo Bank, National Association.
- Revolving facility of $690 million, plus a $150 million U.S. dollar term loan and a C$70 million Canadian dollar term loan.
- Expansion option allows up to an additional $445 million of commitments or incremental term loans, subject to conditions; prior agreement had a $490 million revolver and a $200 million expansion option.
- Financial covenants include a maximum Net Leverage Ratio of 3.0 and a minimum interest coverage ratio of 3.0; borrowings are secured by substantially all assets of the company and its domestic subsidiaries.
The filing
Written by AI on Nov 8, 2026, 1:01 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 September 10, 2026.
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.