<a href="https://laohu8.com/S/CTRI">Centuri</a> Holdings Secures $800 Million Term Loan and Expands Revolving Credit Facility with Key Amendments
Centuri Holdings, Inc., a Delaware-based corporation, has entered into a significant amendment to its existing credit agreement as of July 9, 2025. The sixth amendment, involving Centuri Group, Inc., Centuri Canada Division Inc., and key financial institutions including Wells Fargo Bank, updates several financial terms and covenants. Notably, it introduces Centuri Holdings as a borrower, allows Southwest Gas Holdings, Inc. to reduce its ownership below 51% without default consequences, and refinances the existing term loan facility with a new $800 million term loan maturing in 2032. Additionally, the senior secured revolving credit facility's maximum principal is increased to $450 million, with its maturity extended to 2030. Changes also include a reduction in interest rate margins and adjustments to financial covenants, ensuring the company's financial flexibility and stability.
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