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NWPX Infrastructure, Inc. (NASDAQ:NWPX), a $498 million market cap company with a perfect Piotroski Score of 9 according to InvestingPro, and its wholly owned subsidiaries entered into a Fourth Amendment to their existing credit agreement with Wells Fargo (NYSE:WFC) Bank, National Association, acting as administrative agent, and other lenders. The amendment, signed Wednesday, extends the maturity date of the credit facility from June 29, 2028, to August 13, 2030, and reduces the pricing terms.
The amended credit agreement, initially established on June 30, 2021, provides for a revolving loan, swingline loan, and letters of credit totaling up to $125 million. The company also retains the option to increase the total facility by an additional $50 million, subject to the agreement’s provisions.
Under the revised terms, revolving loans may bear interest at rates based on either the Base Rate, the Adjusted Daily Simple Secured Overnight Finance Rate (SOFR), or the Adjusted Term SOFR, each plus an applicable margin ranging from 0.50% to 2.00%. The applicable margin depends on the company’s consolidated senior leverage ratio and the chosen interest rate option. Interest on outstanding revolving loans is payable monthly in arrears.
Swingline loans under the amended agreement will accrue interest at the Base Rate plus the applicable margin. The company is also required to pay a commitment fee between 0.20% and 0.25%, calculated on the difference between the total revolver commitment and the average daily balance of outstanding borrowings. This fee is also payable monthly in arrears. Additional customary fees for credit facilities of this size and type apply.
The information is based on a statement in a Securities and Exchange Commission filing made by NWPX Infrastructure. The company maintains a conservative debt-to-equity ratio of 0.38, reflecting prudent financial management. For deeper insights into NWPX’s financial health and access to 8 additional exclusive ProTips, visit InvestingPro, where you’ll find comprehensive analysis and the detailed Pro Research Report available for over 1,400 US stocks.
In other recent news, NWPX Infrastructure Inc. reported strong second-quarter results for 2025, exceeding both earnings and revenue expectations. The company announced earnings per share of $0.91, which was significantly higher than the anticipated $0.72, resulting in a 26.39% surprise. Additionally, NWPX’s revenue reached $133.2 million, surpassing the forecasted $120.93 million by 10.15%. These results reflect a strong performance in the quarter. Analysts had projected lower figures, so this performance may influence future evaluations. The recent developments highlight NWPX’s ability to outperform market expectations. Investors may find these results encouraging given the company’s recent achievements.
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