Orion Group Holdings Inc
For the period ended Mar 4, 2025. Filed Mar 4, 2025.
View on SEC.govAbout this filing
A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Mar 4, 2025 · Filed Mar 4, 2025
Use the contents to explore the available documents and sections.
Contents
EX-99.1 · Balance Sheet Update
Balance Sheet Update
As of December 31, 2024, current assets were $269.3 million, including unrestricted cash and cash equivalents of $28.3 million. Total debt outstanding as of December 31, 2024 was $23.2 million. At the end of the quarter, the Company had no outstanding borrowings under its revolving credit facility.
On March 4, 2025, the Company executed Amendment No. 6 to the Loan Agreement with White Oak Commercial Finance, LLC and the Lenders party thereto. This amendment, among other things, (i) reduces term loan and revolver pricing by 50 basis-points, (ii)provides greater operational and administrative flexibility, including less restrictive financial covenants and (iii) extends the maturity date to May 15, 2028 resetting the prepayment and make-whole.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.