UMB Bank: Orion Group Holdings Positions for Growth with Closing of $120 Million Refinancing Transaction
Orion Group Holdings, Inc. (NYSE: ORN), a specialty construction company, announced it has closed a new $120 million senior credit facility with UMB Bank to support its growth strategy and enhance financial flexibility. The five‑year credit agreement includes a $60 million revolving line of credit, a $20 million equipment term loan, a $40 million acquisition loan, and a $25 million uncommitted accordion for future needs. Borrowings under the new facility bear interest at SOFR plus 2.5 %–3.0 %, a reduction of roughly 225 basis points compared with the prior credit agreement, and proceeds will be used to repay outstanding borrowings and for general corporate purposes. This refinancing is intended to provide Orion with greater liquidity to execute strategic priorities across its marine and concrete segments. 
UMB Bank: Orion Group Holdings Positions for Growth with Closing of $120 Million Refinancing Transaction