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:
- Extended the final maturity date to October 31, 2030;
- Increased the Revolving Credit Limit from $105.0 million to $150.0 million;
- 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%.
| Investor Relations Contact: | At the Company: |
| Investor Relations | Eric Thiele |
| New Enterprise Stone & Lime Co., Inc. | Executive Vice President and Chief Financial Officer |
| Investor.relations@nesl.com | ethiele@nesl.com |
| (814) 766-2211 |
