Sterling Construction Company, Inc.

NASDAQ:STRL   3:59:56 PM EDT
21.62
-0.34 (-1.55%)
Debt Financing / Related

Sterling Amends Existing Credit Agreement, Significantly Reducing Interest Expense And Enhancing Financial Flexibility

Published: 06/30/2021 20:34 GMT
Sterling Construction Company, Inc. (STRL) - Sterling Amends Existing Credit Agreement, Significantly Reducing Interest Expense and Enhancing Financial Flexibility.
Sterling Construction - Amendment Reduces Current Interest Rate on Credit Agreement Borrowings by Two Percentage Points.
Sterling Construction - Amendment Lowers Prospective Mandatory Qtrly Payments on Credit Agreement From $12.5 Million to $4.1 Million.
Sterling Construction - Expect Pre-tax Interest Expense to Decline by About $1.6 Million per Quarter for Balance of 2021.