10:04 AM EDT, 06/09/2025 (MT Newswires) -- Sterling Infrastructure ( STRL ) said Monday it entered an amendment to its 2019 credit agreement to increase its revolving credit facility by $75 million to $150 million.

The amended credit agreement, whose maturity date has been extended to June 2028, also consists of a $300 million term loan aside from the revolving credit facility, the company said.

Sterling Infrastructure ( STRL ) said the revolving credit facility was undrawn, $300 million in borrowings were outstanding under the term loan, and cash and cash equivalents totaled $785 million as of June 5.

The amended credit agreement also provides the ability to raise the credit facilities by an amount not to exceed the greater of $400 million or 100% of the company's earnings before interest, taxes, depreciation and amortization plus an unlimited amount up to twice of total net leverage, the company said.

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