Cardinal unit adds $250M loan, boosts credit line

Subsidiary Cardinal Civil Contracting, LLC expands its credit facilities with Truist Bank, adding a $250 million delayed draw term loan and a larger revolving line.

Rhea-AI Filing Summary

Cardinal Infrastructure Group Inc. (CDNL) reports that its subsidiary, Cardinal Civil Contracting, LLC, entered into a Second Amendment to its Credit Agreement with Truist Bank and other lenders on September 10, 2026. The amendment establishes a delayed draw term loan facility of up to $250,000,000 and increases the aggregate revolving commitments from $75,000,000 to $100,000,000, while also modifying other provisions. Cardinal Infrastructure Group Inc. itself is not a party to the Credit Agreement or the Second Amendment, and all other terms of the Credit Agreement remain as previously disclosed.

Filing Explained

The September 10, 2026 amendment creates a delayed-draw term-loan facility of up to $250 million and raises revolving commitments to $100 million; these are financing capacities, not reported borrowings or proceeds, and the filing does not say either facility has been drawn.

8-K Event Classification

2 items: 1.01, 9.01

2 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Delayed draw term loan facility: $250,000,000 Revolving commitments after amendment: $100,000,000 Prior revolving commitments: $75,000,000 +3 more

6 metrics

Delayed draw term loan facility $250,000,000 Aggregate principal amount established under the Second Amendment dated September 10, 2026

Revolving commitments after amendment $100,000,000 Aggregate revolving commitments for Cardinal Civil Contracting, LLC after the Second Amendment

Prior revolving commitments $75,000,000 Aggregate revolving commitments before they were increased by the Second Amendment

Date of Second Amendment September 10, 2026 Date the Second Amendment to the Credit Agreement was entered into

Original Credit Agreement date October 1, 2025 Date of the initial Credit Agreement for Cardinal Civil Contracting, LLC

First Amendment date February 18, 2026 Date of the First Amendment to the Credit Agreement

Key Terms

delayed draw term loan facility, revolving commitments, administrative agent, swingline lender, +1 more

5 terms

delayed draw term loan facility financial

"establishes a delayed draw term loan facility in an aggregate principal amount"

A delayed draw term loan facility is a committed loan that a borrower can tap in one or more installments at specified future times after meeting agreed conditions, rather than receiving the full amount upfront. For investors it matters because it provides a ready source of cash that can change a company’s financial strength, leverage and interest costs when drawn—similar to having a reserved credit line you can use later, which affects liquidity and the risk profile of the business.

revolving commitments financial

"increases the aggregate revolving commitments from $75,000,000 to $100,000,000"

administrative agent financial

"Truist Bank, as administrative agent, issuing bank and swingline lender"

An administrative agent is a bank or financial firm appointed to handle the day-to-day paperwork and communication for a group of lenders on a loan or credit agreement, acting as the central point for collecting payments, distributing funds, monitoring covenants, and sharing information. For investors, the administrative agent matters because it influences how quickly lenders receive updates, how smoothly repayments and waivers are handled, and how effectively the lending group enforces terms — think of it as a property manager coordinating tasks for multiple owners.

swingline lender financial

"Truist Bank, as administrative agent, issuing bank and swingline lender"

emerging growth company regulatory

"Emerging growth company"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What credit facility changes did CDNL disclose for its subsidiary?

Cardinal Civil Contracting, LLC entered into a Second Amendment that adds a delayed draw term loan facility of up to $250,000,000 and increases revolving commitments to $100,000,000, while keeping other Credit Agreement terms the same except for specified modifications.

Is Cardinal Infrastructure Group Inc. (CDNL) itself a party to the amended Credit Agreement?

No. The report states that Cardinal Infrastructure Group Inc. is not a party to either the Second Amendment or the underlying Credit Agreement; the borrower is its subsidiary, Cardinal Civil Contracting, LLC, with other subsidiary guarantors participating.

How much is the new delayed draw term loan facility for CDNL’s subsidiary?

The Second Amendment establishes a delayed draw term loan facility in an aggregate principal amount of up to $250,000,000 for Cardinal Civil Contracting, LLC under its Credit Agreement with Truist Bank and other lenders.

What change was made to the revolving credit commitments for CDNL’s subsidiary?

The aggregate revolving commitments increased from $75,000,000 to $100,000,000 under the Second Amendment to the Credit Agreement for Cardinal Civil Contracting, LLC, expanding the subsidiary’s available revolving borrowing capacity.

When was the Second Amendment to the Credit Agreement for CDNL’s subsidiary signed?

The Second Amendment to the Credit Agreement for Cardinal Civil Contracting, LLC was dated September 10, 2026, modifying the original Credit Agreement dated October 1, 2025, as previously amended on February 18, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/11/2026 - 04:45 PM Accepted by SEC EDGAR 09/11/2026 - 04:45 PM Learn about SEC filing dates

false000207999900020799992026-09-102026-09-10

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 10, 2026

Cardinal Infrastructure Group Inc.

(Exact name of Registrant as Specified in Its Charter)

Delaware			001-43004	39-3180206
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
100 E. Six Forks Road, #300
Raleigh, North Carolina				27609
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: 919 324-1964

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Class A Common Stock, $0.0001 Par Value		CDNL		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒

Item 1.01 Entry into a Material Definitive Agreement.

Amendment to Credit Agreement

On September 10, 2026, Cardinal Civil Contracting, LLC (the “Borrower”), which is a subsidiary of Cardinal Infrastructure Group Inc. (the “Company”), the other guarantors party thereto, the lenders party thereto and Truist Bank (“Truist Bank”), as administrative agent, issuing bank and swingline lender, entered into a second amendment to the credit agreement (the “Second Amendment”), which amends the Credit Agreement, dated October 1, 2025 (as amended by the First Amendment to the Credit Agreement, dated February 18, 2026, the “Credit Agreement”), by and among the Borrower, the other guarantors from time to time party thereto, the lenders from time to time party thereto and Truist Bank. The Company is not a party to the Second Amendment or the Credit Agreement.

The Second Amendment, among other things, (i) establishes a delayed draw term loan facility in an aggregate principal amount of up to $250,000,000, (ii) increases the aggregate revolving commitments from $75,000,000 to $100,000,000 and (iii) modifies certain other provisions of the Credit Agreement.

The foregoing description of the Second Amendment is not complete and is qualified in its entirety by reference to the full text of the Second Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference. Except as modified by the Second Amendment, the terms and conditions in the Credit Agreement remain the same as previously disclosed.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number		Description
10.1		Second Amendment to Credit Agreement, dated as of September 10, 2026, by and among Cardinal Civil Contracting, LLC, Cardinal Civil Contracting Holdings LLC, the subsidiary guarantors party thereto, the lenders party thereto and Truist Bank, as administrative agent, issuing bank and swingline lender
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

______________________

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			CARDINAL INFRASTRUCTURE GROUP INC.
Date:	September 11, 2026	By:	/s/ Mike Rowe
			Mike Rowe Chief Financial Officer

Filing Exhibits & Attachments

2 documents

Agreements & Contracts

• EX-10.1 EX-10.1 2.9 MB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA WITH EMBEDDED LINKBASES DOCUMENT 24.4 KB