Construction Partners, Inc. has amended its existing corporate loan agreement with several financial institutions, including PNC Bank, Regions Bank, BofA Securities, TD Bank, and City National Bank. The amended Term Loan A and Revolver Credit Agreement, now featuring a maturity date of June 28, 2030, retains most of its original terms while introducing a consolidated interest coverage ratio requirement of at least 3.00 to 1.00. The amendment also adjusts the maximum consolidated net leverage ratio and modifies certain negative covenants. The amendment includes an increased principal of $600.0 million under Term Loan A, used to pay off the outstanding balance under the Revolving Credit Facility.
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