Cardinal Infrastructure Group Secures Expanded Credit Facility for Future Growth Plans

Raleigh, N.C. - On September 24, 2026, Cardinal Infrastructure Group Inc. (NASDAQ: CDNL) announced a major enhancement to its financial standing. The company's subsidiary, Cardinal Civil Contracting, LLC, has successfully amended its senior secured credit agreement, thereby facilitating a substantial increase in their credit resources. This move adds a delayed draw term loan facility of up to $250 million and boosts the revolving credit facility from $75 million to $100 million.

With this amendment, the total credit capacity available to Cardinal rises to an impressive $550 million. This figure includes the newly available $100 million revolving credit facility, the existing Term Loan A, and the additional $250 million delayed draw term loan. The increase aims to support the company's future initiatives, principally in acquisitions while also enhancing operational efficiency.

Key Features of the Amended Credit Facility

1. $250 Million Delayed Draw Term Loan: The newly added loan allows Cardinal to make up to five separate withdrawals over an 18-month period, concluding in March 2028. This facility will be primarily utilized for financing permitted acquisitions along with related fees and costs, providing Cardinal with crucial capital to seize strategic opportunities.

2. Increased Revolving Credit Facility: The amendment raises this facility to $100 million. This line of credit includes a $10 million sub-facility dedicated to letters of credit as well as another $10 million swingline sub-facility for general working capital and corporate expenditures.

3. Long-Term Maturity: All components of the amended facility, including the revolver and term loan, are set to mature by September 10, 2031.

The new commitments are complementary to the facility's existing incremental capacity, further solidifying Cardinal's financial footing in a competitive landscape.

Management Insights

Jeremy Spivey, the CEO of Cardinal, expressed enthusiasm regarding the financing, stating, "This financing gives us the flexibility to expand our capabilities and geographic reach through disciplined acquisitions, while continuing to serve our customers by leveraging our differentiated in-house teams and equipment."

Mike Rowe, CFO of Cardinal, added, "This amendment gives us the necessary capital to selectively pursue acquisitions while maintaining a disciplined approach to the balance sheet. We appreciate the continued support of our lending partners."

Growth Strategy of Cardinal Infrastructure Group

Cardinal Infrastructure Group Inc. aims to establish itself further as a leading player among full-service infrastructure providers in the Southeast region. Its operations hinge on a self-performing model that incorporates skilled labor, specialized fleets, and industry-leading subsidiaries, enabling efficient project execution at scale. Through this financial strengthening, Cardinal aims to fortify long-term relationships with clients while pursuing continual market expansion.

In light of this recent development, investors and stockholders are encouraged to review Cardinal's Current Report on Form 8-K, filed with the U.S. Securities and Exchange Commission on September 11, 2026, where more pertinent details about the credit facility amendment can be acquired.

Cautionary Note

Cardinal also reminds all stakeholders to approach forward-looking statements with due caution. The company underscores that while they have a firm belief in their strategies, actual outcomes could be influenced by various factors that may lead to different results than those anticipated.

In conclusion, Cardinal Infrastructure Group's strategic financial enhancement through the expanded credit facility is poised to catalyze significant growth and operational capabilities, benefiting both the corporation and its valued clients.