Knife River in its $1.265 billion refinancing of its revolver and term loan A and its new term loan B facilities

On March 7, 2025, Knife River Corporation entered into a credit agreement amendment to provide for, among other things, an upsized and extended $500 million revolving credit facility, an extended $265 million term loan A facility and a new $500 million term loan B facility. Knife River intends to use the proceeds to finance the previously announced acquisition of Strata Corporation and certain related assets, refinance its existing facilities, pay related fees and expenses and for working capital and general corporate purposes.

Wachtell, Lipton, Rosen, & Katz is serving as legal advisor to Knife River on financing matters.