Company: RMIX
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001104659-25-110488
Chunk: 609

Company: Suncrete, Inc.
Filing Date: 2025-11-12
Form: S-4
Chunk 609
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 Consolidated Senior Leverage Ratio and Fixed Charge Coverage Ratio, each tested quarterly. The Company was in compliance with all applicable financial and non-financial covenants as of June 30, 2025. Debt Issuance Costs Amortization of debt issuance costs was approximately $244,000 for the six months ended June 30, 2025, and is included in Interest expense, net within the Condensed Consolidated Statement of Operations. As of June 30, 2025, unamortized issuance costs totaled $1.7 million. Debt Maturities Debt maturities as of June 30, 2025 are as follows (in thousands):

| ​ |  2025 | ​ | ​ | ​ | $ |   3,250 | ​ | ​ |
| ​ |  2026 | ​ | ​ | ​ | ​ |   7,313 | ​ | ​ |
| ​ |  2027 | ​ | ​ | ​ | ​ |   9,750 | ​ | ​ |
| ​ |  2028 | ​ | ​ | ​ | ​ |  13,000 | ​ | ​ |
| ​ |  2029 | ​ | ​ | ​ | ​ |  90,187 | ​ | ​ |
| ​ | Total | ​ | ​ | ​ | $ | 123,500 | ​ | ​ |

Note 9. Redeemable Senior Preferred and Preferred Units (Mezzanine Equity) Redeemable Senior Preferred Units On July 29, 2024, the Company issued 26.0 million Senior Preferred Units at an estimated fair value of $26.0 million in connection with the Concrete Acquisition. These units accrue cumulative distributions at an annual rate of 9.0% of unreturned senior preferred contributions, compounding quarterly. The Senior Preferred Units rank senior to the Preferred and Common Units and are redeemable upon certain events, including liquidation or an initial public offering. The Senior Preferred Units are classified as mezzanine equity in accordance with ASC 480-10-S99-3A, as redemption is effectively controlled by the holders through their control of the Company’s Board. As of June 30, 2025, the Senior Preferred Units were carried at a redemption value of $26.6 million, consistent with the redemption value as of December 31, 2024, after reflecting cumulative accretion of approximately $1.2 million and paid distributions of approximately $1