Great Lakes Announces New $150,000,000 Second-Lien Financing Agreement
GLDDGreat Lakes Dredge & Dock (GLDD) Newsfilter·2024-04-25 04:01

HOUSTON, April 24, 2024 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes" or the "Company") (NASDAQ:GLDD), the largest provider of dredging services in the United States, announced that it has entered into a 150,000,0005year,seniorsecuredsecondliencreditagreement("SecondLienCreditAgreement")withGuggenheimCreditFunding,LLC,onbehalfofoneormoreclients.TheCompanyborrowed150,000,000 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 ...