Cardinal Infrastructure Group Amends Credit Agreement, Adds $250M Loan

What Happened
Cardinal Infrastructure Group Inc. (CDNL) filed an 8-K on Sept. 11, 2026 disclosing that its subsidiary, Cardinal Civil Contracting, LLC, on Sept. 10, 2026 entered into a Second Amendment to the Credit Agreement with Truist Bank as administrative agent. The amendment creates a delayed-draw term loan facility of up to $250,000,000, increases the revolving credit commitments, and modifies other provisions of the existing Credit Agreement (originally dated Oct. 1, 2025 and previously amended Feb. 18, 2026). The Company itself is not a party to the Credit Agreement or the Second Amendment.

Key Details

• Amendment date: September 10, 2026; 8-K filed Sept. 11, 2026.
• New delayed-draw term loan facility: up to $250,000,000.
• Revolving commitments increased from $75,000,000 to $100,000,000.
• Administrative agent and lender: Truist Bank; full amendment filed as Exhibit 10.1.

Why It Matters
The amendment increases Cardinal Civil Contracting’s available borrowing capacity and overall liquidity by adding a $250M delayed-draw term loan and raising the revolver to $100M. For investors, this is a material financing development: it can support working capital or project funding needs at the subsidiary level and affect the company’s consolidated leverage and interest obligations. Note that the parent company stated it is not a signer of the Credit Agreement or the Second Amendment; review the filed amendment (Exhibit 10.1) for full terms and any covenant or pricing changes that could affect credit risk.