Company: RMIX
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001104659-25-110488
Chunk: 573

Company: Suncrete, Inc.
Filing Date: 2025-11-12
Form: S-4
Chunk 573
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 13,000 | ​ | ​ |
| ​ |  2029 | ​ | ​ | ​ | ​ |  94,387 | ​ | ​ |
| ​ | Total | ​ | ​ | ​ | $ | 130,950 | ​ | ​ |

On July 29, 2024, the Company entered into a Credit Agreement with a syndicate of banks to provide a term loan, a revolving loan and letters of credit. The applicable provisions of each loan are outlined below. Term Loan The Company entered into a five-year $130.0 million term loan agreement (“Term Loan”) on July 29, 2024. Proceeds from the Term Loan were used to partially fund the Concrete Acquisitions. The Term Loan is secured against a first lien on substantially all of the Company’s assets, subject to customary exclusion. The Term Loan matures on July 29, 2029, at which time all advances are required to be paid in full. Interest accrues at the Secured Overnight Financing Rate (“SOFR”) plus an applicable margin ranging from 2.75% to 3.50%, which was 7.7% as of December 31, 2024. Principal payments are due on the last day of each calendar quarter, as set forth below (in thousands):

| ​ | September 30, 2024 through September 30, 2026 | ​ | ​ | ​ | $ | 1,625 | ​ | ​ |
| ​ | December 31, 2026 through December 31, 2027   | ​ | ​ | ​ | $ | 2,438 | ​ | ​ |
| ​ | March 31, 2028 and thereafter                 | ​ | ​ | ​ | $ | 3,250 | ​ | ​ |

Revolving Loan The Company also entered into a revolving loan agreement (“Revolving Loan”) on July 29, 2024, with a commitment and borrowing base of $15.0 million. The Revolving Loan is secured against a first lien on substantially all assets, including property, plant and equipment. Balances outstanding under the Revolving Loan bear interest at the SOFR plus an applicable margin ranging from 2.75% to 3.50%, which was 7.7% as of December 31, 2024. Principal and any accrued interest is due at maturity on July 29, 2029. At December 31, 2024, the Company had