Knife River in its $895 million refinancing of its term loan B facility

On May 15, 2026, Knife River Corporation entered into a credit agreement amendment to provide for an upsized and repriced $895 million term loan B facility. Knife River intends to use the proceeds to refinance its existing term B loans, repay borrowings under its revolving credit facility and for working capital and general corporate purposes.

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