Orion Group Secures New $120 Million Credit Facility

Orion Group Holdings ( (ORN) ) has shared an update.

On December 23, 2025, Orion Group Holdings entered into a new $120 million senior credit facility with UMB Bank, replacing its prior $88 million credit agreement and fully repaying the earlier facility, including a make-whole payment of about $1.1 million; the transaction was announced publicly on December 29, 2025. The five-year facility, maturing in December 2030, comprises a $60 million revolving line of credit, a $20 million equipment term loan and a $40 million acquisition term loan, plus a $25 million uncommitted accordion, and is secured by substantially all of the company’s and its domestic subsidiaries’ assets, with covenants that cap senior leverage at 3.0x and require a minimum fixed-charge coverage ratio of 1.2x; borrowings are priced off SOFR or an ABR-based rate with margins tied to leverage, delivering roughly a 225-basis-point reduction versus the prior facility and enhancing Orion’s liquidity, lowering its cost of capital and providing additional capacity to fund acquisitions, working capital and general corporate purposes, thereby supporting its stated growth strategy and financial flexibility.

The most recent analyst rating on (ORN) stock is a Hold with a $11.50 price target. To see the full list of analyst forecasts on Orion Group Holdings stock, see the ORN Stock Forecast page.

Spark’s Take on ORN Stock

According to Spark, TipRanks’ AI Analyst, ORN is a Neutral.

Orion Group Holdings’ overall score is driven by strong technical indicators and positive earnings call guidance. However, high valuation and financial performance concerns, particularly in revenue generation and cash flow, moderate the score.

To see Spark’s full report on ORN stock, click here.

More about Orion Group Holdings

Orion Group Holdings, Inc. is a Houston-based specialty construction company serving the infrastructure, industrial and building sectors across the continental U.S., Alaska, Hawaii, Canada and the Caribbean Basin through its marine and concrete segments. The marine segment focuses on marine transportation facility and pipeline construction, marine environmental structures, and dredging of waterways, channels and ports, while the concrete segment provides turnkey concrete construction services, including site preparation, forming, rebar placement, and place-and-finish work for large commercial and structural projects.

Average Trading Volume: 285,482

Technical Sentiment Signal: Buy

Current Market Cap: $415.8M

See more insights into ORN stock on TipRanks’ Stock Analysis page.