Southland secured financing and credit amendments with surety partners
The agreement, announced today, marks a milestone and involves a Financial Assistance Agreement and Second Amendment to the Credit Agreement.
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Infrastructure construction and engineering company
southlandholdings.comLast updated
In short: Southland posted losses and a NYSE noncompliance notice, secured surety financing, and won contracts including an $815M Winnipeg project.
The agreement, announced today, marks a milestone and involves a Financial Assistance Agreement and Second Amendment to the Credit Agreement.
Johnson Bros. Corporation, a Southland Company, won the 2026 Best in Construction Award from the Florida Transportation Builders Association.
The biosolids facilities progressive design-build project was awarded by the City of Winnipeg after a collaborative development phase.
Revenue fell to $113.3 million from $215.4 million year-over-year, and gross loss was $71.2 million versus prior-year gross profit of $13.0 million.
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Southland Holdings Inc (SLND) reports a challenging quarter with significant legacy adjustments, offset by a new surety agreement and a major $190 million contract award.
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