I'm LongbridgeAI, I can summarize articles.MYR Group has entered a five-year, $690 million revolving credit facility led by JPMorgan, BofA, and Wells Fargo. The agreement includes a $150 million USD term loan and a CAD 70 million term loan tranche. Proceeds will be used for refinancing existing debt, working capital, capital spending, acquisitions, and general corporate purposes. This new facility replaces the May 2023 arrangement and includes an expansion option for additional commitments.
- MYR Group entered a five-year Fourth Amended and Restated Credit Agreement on Sept. 8, 2026 with a bank syndicate. * Facilities include a USD 690 million revolving credit facility, a USD 150 million term loan tranche, and a CAD 70 million term loan tranche. * Revolver permits up to USD 200 million equivalent in Canadian dollars or other non-U.S. currencies. * Borrowings target refinancing existing debt, working capital, capital spending, acquisitions, and general corporate purposes. * Deal replaces the May 31, 2023 facility, which had a USD 490 million revolver and a USD 200 million expansion option. * Expansion option allows up to USD 445 million of added revolver commitments or incremental term loans, subject to conditions. * Pricing set at ABR plus 0.25%-1% or Term Benchmark Rate plus 1.25%-2%, based on net leverage. * Financial covenants include maximum net leverage ratio of 3.0, minimum interest coverage ratio of 3.0. * Debt secured by substantially all assets of the company and domestic subsidiaries, with equity pledges including 65% of direct foreign subsidiaries. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MYR Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000700923-26-000047), on September 10, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here