A credit agreement amendment, a formal revision to an existing loan rather than a new deal, closed September 10, 2026, opening up to $250 million in new borrowing capacity for the contracting subsidiary of Cardinal Infrastructure Group Inc. (Nasdaq: CDNL). The subsidiary, Cardinal Civil Contracting, LLC, signed the deal with Truist Bank as administrative agent. The same document raised Cardinal Civil Contracting's revolving credit line from $75 million to $100 million.
What the amendment changes
The amendment creates a delayed draw term loan facility with a principal of up to $250 million. Here is what that means: the borrower can access the money in stages rather than receiving the full amount at closing. The $250 million does not have to be drawn immediately. It can be taken in pieces over time.
The revolving commitment increase adds $25 million in flexible capacity. In plain terms, a revolving commitment works like a credit line: the borrower can draw money, repay it, and draw again. The jump from $75 million to $100 million expands Cardinal Civil Contracting's day-to-day flexibility.
The amendment also modifies certain other provisions of the existing credit agreement. The filing does not name which ones.
History and parties
The underlying credit agreement dates to October 1, 2025. A first amendment followed on February 18, 2026. The second amendment, signed September 10, 2026, is the third version of the document overall.
Truist Bank holds three roles under the arrangement: administrative agent, issuing bank, and swingline lender. A swingline loan is a short-notice borrowing within a revolving facility.
Cardinal Infrastructure Group Inc. is not a party to the credit agreement or the amendment. The borrowing entity is Cardinal Civil Contracting, LLC, and Cardinal Civil Contracting Holdings LLC and other subsidiary guarantors are also party to the deal. The parent company is incorporated in Delaware and maintains its principal offices at 100 E. Six Forks Road in Raleigh, North Carolina. It carries emerging growth company status under SEC rules.
The disclosure was filed as a Form 8-K, the current report public companies file with the SEC to disclose significant events between scheduled periodic filings. Mike Rowe, Cardinal Infrastructure's Chief Financial Officer, signed the report on September 11, 2026.