New Enterprise Stone & Lime Co., Inc. Enters Into Amendment No. 8 of the Revolving Credit Agreement

NEW ENTERPRISE, Pa., Nov. 07, 2025 (GLOBE NEWSWIRE) -- On November 3, 2025, New Enterprise Stone & Lime Co., Inc. (the “Company”) entered into Amendment No. 8 to its Amended and Restated Revolving Credit Agreement (the “RCA Amendment”) among the Company and the lender, PNC Bank. The Revolving Credit Agreement Amendment makes certain changes to the Company’s existing $105 million Revolving Credit Agreement among the same parties (the “Existing RCA”, and as amended, the “Revolving Credit Agreement”), including:

1. Extended the final maturity date to October 31, 2030;
2. Increased the Revolving Credit Limit from $105.0 million to $150.0 million;
3. Existing limitations on Acquisitions, Dispositions and Distributions were replaced by a pro forma excess availability requirement of no less than 20% of the line cap or a fixed cover charge ratio >1.00x and excess availability no less than 15%.

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