Great Lakes Dredge & Dock Enters Material Agreement

Ticker: GLDD · Form: 8-K · Filed: Oct 27, 2025 · CIK: 1372020

Great Lakes Dredge & Dock CORP 8-K Filing Summary
FieldDetail
CompanyGreat Lakes Dredge & Dock CORP (GLDD)
Form Type8-K
Filed DateOct 27, 2025
Risk Levelmedium
Pages5
Reading Time6 min
Key Dollar Amounts$0.0001, $430 m, $100 million, $35 million
Sentimentneutral

Sentiment: neutral

Topics: material-definitive-agreement, disclosure

Related Tickers: GLDD

TL;DR

GLDD signed a big deal, details TBD.

AI Summary

Great Lakes Dredge & Dock Corp. entered into a material definitive agreement on October 24, 2025. The filing does not disclose the specific terms or parties involved in this agreement, only that it is a significant event requiring disclosure.

Why It Matters

This filing indicates a significant business development for Great Lakes Dredge & Dock Corp., potentially impacting its future operations and financial performance.

Risk Assessment

Risk Level: medium — The lack of specific details in the filing regarding the material definitive agreement introduces uncertainty about its nature and potential impact.

Key Players & Entities

FAQ

What is the nature of the material definitive agreement entered into by Great Lakes Dredge & Dock Corp.?

The filing does not specify the nature of the material definitive agreement, only that one was entered into on October 24, 2025.

Who are the other parties involved in this material definitive agreement?

The filing does not disclose the names of the other parties involved in the agreement.

What is the effective date of this material definitive agreement?

The earliest event reported is October 24, 2025, which is the date of the report and likely the effective date or date of entry into the agreement.

Does this agreement involve any financial commitments or obligations for Great Lakes Dredge & Dock Corp.?

The filing does not provide details on any financial commitments or obligations associated with the agreement.

Are there any expected impacts on Great Lakes Dredge & Dock Corp.'s business operations or financial results from this agreement?

The filing does not specify any expected impacts on the company's operations or financial results.

Filing Stats: 1,496 words · 6 min read · ~5 pages · Grade level 13.7 · Accepted 2025-10-27 16:11:53

Key Financial Figures

Filing Documents

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. Amendment No. 3 to Second Amended and Restated Revolving Credit and Security Agreement On October 24, 2025, Great Lakes Dredge & Dock Corporation ("Great Lakes" or the "Company"), Great Lakes Dredge & Dock Company, LLC, NASDI Holdings, LLC, Great Lakes Environmental & Infrastructure Solutions, LLC, Great Lakes U.S. Fleet Management, LLC, and Drews Services LLC (collectively with the Company, the "Credit Parties") entered into Amendment No. 3 to Second Amended and Restated Revolving Credit and Security Agreement (as may be further amended, supplemented or otherwise modified from time to time, the "Amended Credit Agreement") with certain financial institutions from time to time party thereto as lenders, PNC Bank, National Association, as Agent (the "Agent"). The Amended Credit Agreement further amends the Second Amended and Restated Revolving Credit and Security Agreement dated as of July 29, 2022 by and among the financial institutions from time to time party thereto as lenders, the Agent and the Credit Parties party thereto(as amended by an Amendment No. 1 to Second Amended and Restated Revolving Credit and Security Agreement dated April 24, 2024 and Amendment No. 2 to Second Amended and Restated Revolving Credit and Security Agreement dated May 2, 2025, the "Original Credit Agreement"). The terms of the Amended Credit Agreement are summarized below. The Amended Credit Agreement provides for a senior secured revolving credit facility in an aggregate principal amount of up to $430 million, an increase of $100 million from the Original Credit Agreement. The maximum borrowing capacity under the Amended Credit Agreement is determined by a formula and may fluctuate depending on the value of the collateral included in such formula at the time of determination. The Amended Credit Agreement also includes an increase option that will allow the Company to increase the senior secured revolving credit facility by an a

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. EXHIBIT INDEX Number Exhibit 10.1 Amendment No. 3 to Second Amended and Restated Revolving Credit and Security Agreement. 99.1 Press Release of Great Lakes Dredge & Dock Corporation dated October 27, 2025. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) S IGNATURE 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. GREAT LAKES DREDGE & DOCK CORPORATION By: /s/Scott L Kornblau Scott L. Kornblau Senior Vice President and Chief Financial Officer Date: October 27, 2025

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