Knife River expands revolving loan facility by $400M

What's the deal? Knife RiverDealroom has a profile for this one. Try Dealroom → Corp has increased its revolving B loan facility by $400M, according to filings with the US Securities and Exchange Commission. The construction materials company also cut the applicable interest rate margin on the facility by 0.25 percentage points.

The move adjusts Knife River's debt structure, aiming to optimise financing costs and boost financial flexibility.

The signal: Knife River, ranked among the top 10 aggregate and ready-mix producers in the US, is leveraging its mature market position to secure more favourable debt terms — a playbook increasingly common among established construction materials firms as infrastructure spending remains elevated and lenders compete for creditworthy borrowers.

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