Short answer
MYR GROUP INC. (MYRG) filed an 8-K current report with the SEC on September 10, 2026 reporting Item 2.03 (Creation of a Direct Financial Obligation). Five-year refinancing adds $690M revolving capacity plus $150M U.S. and C$70M Canadian term loans.
MYR GROUP INC. 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.03 · Creation of a Direct Financial Obligation
- Five-year refinancing adds $690M revolving capacity plus $150M U.S. and C$70M Canadian term loans
- Total revolving capacity increased from $490M, with expansion option for up to $445M additional commitments
- Borrowing costs tied to leverage: 1.25%-2.00% Term Benchmark margin and 0.20%-0.30% unused commitment fee
- Financial covenants cap Net Leverage Ratio at 3.0 and require minimum 3.0 interest coverage
- Secured facilities support refinancing, working capital, capital expenditures, acquisitions and general corporate purposes
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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