Great Lakes Dredge & Dock Enters Material Agreement

Ticker: GLDD · Form: 8-K · Filed: 2024-04-25T00:00:00.000Z

Sentiment: neutral

Topics: material-agreement, definitive-agreement

Related Tickers: GLDD

TL;DR

GLDD signed a big deal, details TBD.

AI Summary

Great Lakes Dredge & Dock Corporation (GLDD) entered into a Material Definitive Agreement on April 24, 2024. The filing does not specify the nature of the agreement or any associated dollar amounts, but it indicates a significant event for the company.

Why It Matters

This filing signifies a new, significant contractual commitment for Great Lakes Dredge & Dock, which could impact its future operations and financial performance.

Risk Assessment

Risk Level: medium — The lack of specific details about the material definitive agreement introduces uncertainty regarding its potential impact on the company.

Key Players & Entities

FAQ

What is the nature of the Material Definitive Agreement entered into by Great Lakes Dredge & Dock Corporation?

The filing does not specify the nature of the Material Definitive Agreement.

When did Great Lakes Dredge & Dock Corporation enter into this agreement?

The agreement was entered into on April 24, 2024.

Does the filing provide any financial details related to this agreement?

No, the filing does not provide any specific dollar amounts or financial terms related to the agreement.

What is the company's principal executive office address?

The company's principal executive offices are located at 9811 Katy Freeway, Suite 1200, Houston, TX 77024.

Under which section of the Securities Exchange Act is this report filed?

This report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

From the Filing

0000950170-24-047945.txt : 20240425 0000950170-24-047945.hdr.sgml : 20240425 20240425083544 ACCESSION NUMBER: 0000950170-24-047945 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240424 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240425 DATE AS OF CHANGE: 20240425 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Great Lakes Dredge & Dock CORP CENTRAL INDEX KEY: 0001372020 STANDARD INDUSTRIAL CLASSIFICATION: HEAVY CONSTRUCTION OTHER THAN BUILDING CONST - CONTRACTORS [1600] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 205336063 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33225 FILM NUMBER: 24873176 BUSINESS ADDRESS: STREET 1: 9811 KATY FREEWAY STREET 2: SUITE 1200 CITY: HOUSTON STATE: TX ZIP: 77024 BUSINESS PHONE: (346) 359-1010 MAIL ADDRESS: STREET 1: 9811 KATY FREEWAY STREET 2: SUITE 1200 CITY: HOUSTON STATE: TX ZIP: 77024 FORMER COMPANY: FORMER CONFORMED NAME: Great Lakes Dredge & Dock Holdings Corp. DATE OF NAME CHANGE: 20060808 8-K 1 gldd-20240424.htm 8-K 8-K false 0001372020 0001372020 2024-04-24 2024-04-24       UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   FORM 8-K   CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 24, 2024       Great Lakes Dredge & Dock Corporation (Exact name of registrant as specified in its charter)     Delaware 001-33225 (Commission File Number) 20-5336063 (State or other jurisdiction of incorporation) (I.R.S. Employer Identification No.)     9811 Katy Freeway, Suite 1200 , Houston , TX 77024 (Address of principal executive offices) (Zip Code) ( 346 ) 359-1010 (Registrant’s telephone number, including area code)   (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock (Par Value $0.0001) GLDD Nasdaq Stock Market, LLC   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 1.01 Entry into a Material Definitive Agreement.   Second Lien Credit Agreement On April 24, 2024, 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 a $150,000,000 second lien credit agreement (as amended, supplemented or otherwise modified from time t

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