Great Lakes Announces New $150,000,000 Second-Lien Financing Agreement

HOUSTON, April 24, 2024 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes" or the "Company") (NASDAQ:GLDD), the largest provider of dredging services in the United States, announced that it has entered into a $150,000,000 5-year, senior secured second-lien credit agreement ("Second Lien Credit Agreement") with Guggenheim Credit Funding, LLC, on behalf of one or more clients. The Company borrowed$100,000,000 under the Second Lien Credit Agreement on the Closing Date and has the option ...