Construction Partners raises revolving credit facility to $700 million from $500 million
Construction Partners amended its credit agreement on June 3, 2026, increasing its revolving credit facility from $500.0 million to $700.0 million. The amendment also adjusts financial covenants, raises the material acquisition threshold to $100.0 million, and allows up to $50.0 million per fiscal year in stock repurchases under a share repurchase plan. The filing does not report any change in the company's earnings or drawn borrowings.
Key points
- Revolving credit facility increased from $500.0 million to $700.0 million under the Sixth Amendment dated June 3, 2026
- Maximum consolidated net leverage ratio set at 4.75-to-1.00 for quarters ending June 30, 2026 through September 30, 2026, stepping down to 4.00-to-1.00 from June 30, 2028
- Minimum consolidated interest coverage ratio adjusted to 2.75-to-1.00
- Stock repurchases permitted up to $50.0 million per fiscal year under a new basket, subject to conditions
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 June 08, 2026.
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.