Great Lakes Announces New $150,000,000 Second-Lien Financing Agreement [Yahoo! Finance]
Great Lakes Dredge & Dock Corporation (GLDD)
Last great lakes dredge & dock corporation earnings: 2/19 08:00 am
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Source: Yahoo! Finance
provider of dredging services in the United States, announced that it has entered into a $150,000,000 5-year, senior secured second-lien credit agreement (“Second Lien Credit Agreement”) with Guggenheim Credit Funding, LLC, on behalf of one or more clients. The Company borrowed $100,000,000 under the Second Lien Credit Agreement on the Closing Date and has the option to draw an additional $50,000,000 for a period of 12 months following the closing date of the initial loan. The loans under the Second Lien Credit Agreement funded on the Closing Date were used to repay amounts outstanding under the ABL Credit Agreement and to pay fees associated with the transactions and will be used to fund upcoming newbuild payments. The delayed draw portion of the term loans, if funded, will be used to fund future newbuild payments, ongoing working capital and other general corporate purposes. The Second Lien Credit Agreement contains customary representations and affirmative and negative covenants
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News
- Shareholders May Be Wary Of Increasing Great Lakes Dredge & Dock Corporation's (NASDAQ:GLDD) CEO Compensation Package [Yahoo! Finance]Yahoo! Finance
- Great Lakes Dredge & Dock Corporation Schedules Announcement of 2024 First Quarter ResultsGlobeNewswire
- Great Lakes Announces New $150,000,000 Second-Lien Financing AgreementGlobeNewswire
- Investors in Great Lakes Dredge & Dock (NASDAQ:GLDD) have unfortunately lost 53% over the last three years [Yahoo! Finance]Yahoo! Finance
- What Drove Great Lakes Dredge & Dock (GLDD) Stock in Early 2024? [Yahoo! Finance]Yahoo! Finance
GLDD
Earnings
- 2/14/24 - Beat
GLDD
Analyst Actions
- 2/21/24 - TheStreet
GLDD
Sec Filings
- 4/29/24 - Form 4
- 4/25/24 - Form 4
- 4/25/24 - Form 8-K
- GLDD's page on the SEC website