NWPX Infrastructure, Inc. Enters Material Definitive Agreement
Ticker: NWPX · Form: 8-K · Filed: Aug 19, 2025 · CIK: 1001385
| Field | Detail |
|---|---|
| Company | Nwpx Infrastructure, INC. (NWPX) |
| Form Type | 8-K |
| Filed Date | Aug 19, 2025 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $125 m, $50 m |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation
TL;DR
NWPX inked a big financial deal on Aug 13th.
AI Summary
On August 13, 2025, NWPX Infrastructure, Inc. entered into a material definitive agreement related to a direct financial obligation. The company, formerly known as NORTHWEST PIPE CO, is incorporated in Oregon and headquartered in Vancouver, WA.
Why It Matters
This filing indicates NWPX Infrastructure, Inc. has entered into a significant financial agreement, which could impact its financial obligations and future operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and direct financial obligations can introduce financial risks and operational changes for a company.
Key Players & Entities
- NWPX Infrastructure, Inc. (company) — Registrant
- August 13, 2025 (date) — Date of earliest event reported
- NORTHWEST PIPE CO (company) — Former company name
- Oregon (jurisdiction) — State of incorporation
- Vancouver, WA (location) — Address of principal executive offices
FAQ
What type of material definitive agreement did NWPX Infrastructure, Inc. enter into?
The filing indicates the entry into a material definitive agreement and the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specific details of the agreement are not provided in this excerpt.
What is the significance of the 'Creation of a Direct Financial Obligation' item?
This item signifies that NWPX Infrastructure, Inc. has undertaken a new financial commitment or liability, which could affect its balance sheet and cash flow.
When was the earliest event reported in this 8-K filing?
The earliest event reported is dated August 13, 2025.
What was NWPX Infrastructure, Inc. formerly known as?
NWPX Infrastructure, Inc. was formerly known as NORTHWEST PIPE CO.
Where is NWPX Infrastructure, Inc. headquartered?
NWPX Infrastructure, Inc. is headquartered at 201 NE Park Plaza Drive, Suite 100, Vancouver, WA 98684.
Filing Stats: 1,090 words · 4 min read · ~4 pages · Grade level 13.4 · Accepted 2025-08-19 16:07:33
Key Financial Figures
- $0.01 — h registered Common Stock , par value $0.01 per share NWPX Nasdaq Global Select
- $125 m — credit in the aggregate amount of up to $125 million, with an option for the Company t
- $50 m — the Company to increase that amount by $50 million, subject to the provisions of the
Filing Documents
- nwpx20250730_8k.htm (8-K) — 33KB
- ex_845717.htm (EX-10.1) — 1244KB
- 0001437749-25-027357.txt ( ) — 1634KB
- nwpx-20250813.xsd (EX-101.SCH) — 3KB
- nwpx-20250813_def.xml (EX-101.DEF) — 11KB
- nwpx-20250813_lab.xml (EX-101.LAB) — 15KB
- nwpx-20250813_pre.xml (EX-101.PRE) — 11KB
- nwpx20250730_8k_htm.xml (XML) — 3KB
01
Item 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT On August 13, 2025, NWPX Infrastructure, Inc. and its wholly-owned subsidiaries NWPC, LLC, Geneva Pipe and Precast Company, and Park Environmental Equipment, LLC (together, the "Company"), along with certain of the Company's other wholly-owned subsidiaries, entered into a Fourth Amendment to Credit Agreement and Ratification of Loan Documents (the "Fourth Amendment") with Wells Fargo Bank, National Association ("Wells Fargo"), as administrative agent, and the lenders from time to time party thereto, including the initial sole lender, Wells Fargo (the "Lenders") to, among other modifications, extend the maturity date from June 29, 2028 to August 13, 2030 and reduce the pricing. The Credit Agreement dated June 30, 2021 with Wells Fargo, as administrative agent, and the lenders from time to time party thereto, including the Lenders, as amended by the Incremental Amendment dated October 22, 2021, the Second Amendment to Credit Agreement dated April 29, 2022, the Third Amendment to Credit Agreement dated June 29, 2023, and the Fourth Amendment (together, the "Amended Credit Agreement") provides for a revolving loan, swingline loan, and letters of credit in the aggregate amount of up to $125 million, with an option for the Company to increase that amount by $50 million, subject to the provisions of the Amended Credit Agreement. Revolving loans under the Amended Credit Agreement bear interest at rates related to, at our option and subject to the provisions of the Amended Credit Agreement, either: (i) Base Rate (as defined in the Amended Credit Agreement) plus the Applicable Margin; (ii) Adjusted Daily Simple Secured Overnight Finance Rate ("SOFR") (as defined in the Amended Credit Agreement) plus the Applicable Margin; or (iii) Adjusted Term SOFR (as defined in the Amended Credit Agreement) plus the Applicable Margin. The "Applicable Margin" is 0.50% to 2.00%, depending on our Consolidated Senior Leverage Ratio (as
03
Item 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEEET ARRANGEMENT OF A REGISTRANT The information in Item 1.01 above is hereby incorporated by reference into this Item 2.03.
FINANCIAL STATEMENTS AND EXHIBITS
FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits 10.1 Fourth Amendment to Credit Agreement and Ratification of Loan Documents dated as of August 13, 2025, by and among NWPX Infrastructure, Inc., NWPC, LLC, Geneva Pipe and Precast Company, Park Environmental Equipment, LLC, certain other subsidiaries of NWPX Infrastructure, Inc., and Wells Fargo Bank, National Association * 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Schedules and similar attachments to the Fourth Amendment have been omitted pursuant to Instruction 4 to Item 1.01 of the Form 8K. The Registrant will furnish supplementally a copy of any omitted schedule or similar attachment to the Securities and Exchange Commission request. SIGNATURE 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 on August 19, 2025. NWPX INFRASTRUCTURE, INC. (Registrant) By /s/ Aaron Wilkins Aaron Wilkins Senior Vice President, C hief Financial Officer, and Corporate Secretary