Form 8-K Filing by Everus Construction Group, Inc.

Everus Construction Group, Inc. has entered into a First Amendment to its Credit Agreement, originally dated October 31, 2024. This amendment refinances and increases the company's senior secured first lien term loans by $200.0 million, bringing the total to $477.5 million. Additionally, the revolving credit commitments have been increased by $125.0 million, totaling $350.0 million. The amendment also introduces more favorable pricing terms, with lower interest rates and commitment fees based on the company's consolidated total net leverage ratio. Proceeds from the refinancing will be used to pay off existing term loans, fund the acquisition of Epsilon Industries, cover associated fees and expenses, and for general corporate purposes including working capital. The proceeds from the increased revolving credit commitments are also designated for general corporate purposes, including the Epsilon Acquisition, other acquisitions, and permitted investments.