DYCOM INDUSTRIES INC 8-K

What Happened

• On January 27, 2026, Dycom Industries, Inc. (DY) and certain guarantors entered into a First Amendment to its Third Amended and Restated Credit Agreement with Bank of America, N.A. as administrative agent. The amendment establishes an $800.0 million senior secured Term Loan B facility. Proceeds were used to refinance Dycom’s $600.0 million 364‑day senior secured bridge loan, pay related fees and expenses, and to fund cash on the Company’s balance sheet. The filing also notes this creates a direct financial obligation for the company.

Key Details

• Term Loan B size: $800.0 million senior secured facility (entered Jan 27, 2026).
• Use of proceeds: refinance $600.0 million 364‑day bridge loan, pay fees/expenses, and add cash to balance sheet.
• Interest: at company’s option, loans bear interest (subject to a 0.0% floor) either (a) term SOFR + 1.75% or (b) Administrative Agent’s base rate + 0.75%.
• Amortization: principal amortizes at 0.25% starting Sept 15, 2026 and then quarterly (Mar/Jun/Sep/Dec 15). Administrative Agent: Bank of America, N.A.

Why It Matters

• This amendment replaces Dycom’s short‑term bridge financing with a larger, secured Term Loan B and provides immediate cash to the balance sheet. For investors, the change alters Dycom’s debt profile, interest exposure (SOFR‑linked or base rate), and establishes scheduled principal amortization beginning in late 2026. The 8‑K attaches the amendment as an exhibit for full terms and any related covenant details, which investors should review to assess impacts on leverage and liquidity.