Construction Partners amends credit deal, raising revolver to $500M and term loan to $600M
Construction Partners entered into a Fifth Amendment to its credit agreement effective June 30, 2025. The revolving credit facility rose from $400.0 million to $500.0 million, the term loan A rose from $400.0 million to $600.0 million, and maturity was extended to June 28, 2030. The company's borrowings under the revolver were fully repaid, leaving $600.0 million outstanding under the term loan as of the effective date.
Key points
- Revolving credit facility increased from $400.0 million to $500.0 million; no amounts outstanding as of June 30, 2025
- Term loan A increased from $400.0 million to $600.0 million, with $600.0 million outstanding
- Maturity extended to June 28, 2030; new incremental facilities of up to the greater of $400.0 million or trailing four-quarter Consolidated Adjusted EBITDA
- Leverage covenant set at 4.50 to 1.00 through December 31, 2025, stepping down to 3.75 to 1.00 from September 30, 2027
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:00 AM ET, from the text of the filing and its press-release exhibits 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 July 02, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.