Houston, TX, January 5, 2026
Orion Group Holdings, Inc., a leading specialty construction company based in Houston, has completed a significant $120 million refinancing. This transaction aims to enhance the company’s financial flexibility and support future growth. The new Senior Credit Facility, arranged with UMB Bank, includes various financial components designed to provide expanded liquidity and lower borrowing costs, ensuring ongoing operational resilience and strategic investments. With a focus on infrastructure and industrial projects, Orion continues to play a vital role in Houston’s economic landscape and state-level infrastructure improvements.
Houston, TX – Orion Group Holdings, Inc., a prominent specialty construction company headquartered in Houston, recently finalized a significant $120 million refinancing transaction, a strategic move poised to enhance its financial flexibility and fuel future growth initiatives. This development underscores the determination of Texas TX entrepreneurs and established firms in navigating dynamic economic landscapes, positioning themselves for expansion and continued contribution to local and broader economies. Such proactive financial management is a testament to the innovative spirit that drives Houston TX business forward, creating opportunities and fostering stability.
The successful completion of this refinancing deal highlights a thoughtful approach to capital management, aiming to optimize financial structure for long-term operational resilience and expansion. It reflects the company’s commitment to strategic planning and disciplined execution, qualities essential for sustained success in competitive markets. As Houston continues to be a hub for diverse industries, the growth trajectories of companies like Orion Group Holdings play a vital role in reinforcing the city’s economic vitality and the broader prosperity of the state.
Refinancing for Enhanced Financial Agility
On December 29, 2025, Orion Group Holdings, Inc. announced the closing of a new, five-year $120 million Senior Credit Facility with UMB Bank. This new facility is structured to increase Orion’s financial flexibility, providing expanded liquidity and greater borrowing capacity at a lower overall cost of capital. The agreement replaces the company’s previous $88 million credit arrangement, which was scheduled to mature in May 2028. The new credit facility is set to mature in December 2030.
The $120 million UMB Credit Facility is comprised of several key components: a $60 million revolving line of credit, a $20 million equipment term loan facility, and a $40 million acquisition term loan facility. Additionally, it includes an uncommitted accordion of $25 million to further support future growth initiatives. The proceeds from this transaction will be utilized to repay outstanding borrowings of $23 million under the prior facility and for general corporate purposes. This strategic financial maneuver is expected to reduce borrowing interest rates by approximately 225 basis points compared to the previous agreement.
Driving Innovation in Specialty Construction
Orion Group Holdings operates as a leading specialty construction company, serving the infrastructure, industrial, and building sectors. The company provides services both on and off the water, maintaining operations across the continental United States, Alaska, Hawaii, Canada, and the Caribbean Basin. Its core business is divided into two main segments: marine and concrete.
The marine segment offers a wide range of services, including construction and dredging related to marine transportation facilities, marine pipelines, environmental structures, and the dredging of waterways, channels, and ports. This segment also provides environmental dredging, design, and other specialty services. Meanwhile, the concrete segment delivers turnkey concrete construction services, encompassing site preparation, layout, forming, rebar placement, and place and finish for large commercial, structural, and other associated business areas. The company’s comprehensive capabilities underscore its innovative approach to complex projects.
Orion’s Integral Role in Houston TX Business and State-level Infrastructure
Headquartered in Houston, Texas, Orion Group Holdings plays a significant role in the local economy and contributes to Houston’s economic growth through its projects and employment opportunities. The company’s presence reinforces Houston’s standing as a hub for industrial and construction innovation. Orion’s commitment to the region is further evidenced by its decision to consolidate its Houston offices into a new headquarters in the East River mixed-use development, a move designed to foster collaboration and creativity among its teams.
Beyond its Houston base, Orion Group Holdings has been actively involved in crucial infrastructure projects across the state of Texas. For instance, the company was recently awarded an $86.3 million contract by the U.S. Army Corps of Engineers for a shoreline protection and reconstruction project along the Texas coastline, specifically at the mouth of the Colorado River. This project involves constructing new breakwaters and replenishing shorelines with approximately one million cubic yards of beach-quality dredged materials, aiming to stabilize erosion and restore public access to recreational areas. Such projects not only boost the local economy through job creation but also enhance critical state-level infrastructure and environmental resilience.
Orion has also secured contracts for repairs and improvements at the Port of Houston and the Port of Galveston, further solidifying its contribution to the state’s vital maritime infrastructure. These endeavors demonstrate how a robust private sector, driven by Texas TX entrepreneurs, can directly impact community development and economic prosperity. The company’s concrete segment has also taken on projects in Houston, including a multi-story project for Hanover Development Company.
Positioning for Future Growth and Economic Contribution
The $120 million refinancing positions Orion Group Holdings to pursue its strategic growth priorities, including potential acquisitions and further investment in equipment. This increased capacity for investment reflects a forward-looking strategy that aligns with themes of entrepreneurial foresight and responsible economic development. The ability to secure favorable financing terms and expand operational capabilities allows the company to capitalize on emerging opportunities within the infrastructure, industrial, and building sectors, which are often influenced by regional and nationwide investment trends.
By strengthening its financial foundation, Orion Group Holdings aims to enhance its ability to secure and execute larger, more complex projects, both within Texas and across its broader operational areas. This strategic approach to growth not only benefits the company but also generates significant economic ripples, supporting numerous indirect jobs and stimulating demand for local suppliers and services. The consistent pursuit of new projects, coupled with a solid financial base, helps to maintain momentum for Houston’s economic growth.
A Foundation for Enduring Prosperity
The successful refinancing by Orion Group Holdings exemplifies the spirit of innovation and strategic financial management characteristic of leading businesses in Texas. By enhancing its liquidity and borrowing capacity, this Houston-based company is well-positioned to execute its growth strategy, undertake significant infrastructure projects across the continental United States, Alaska, Hawaii, Canada, and the Caribbean Basin, and contribute substantially to the Houston TX business community and state-level economic development. The company’s ongoing projects in Texas, including critical coastal protection and port enhancements, underscore its direct positive impact on the region’s infrastructure and public resources. As Texas TX entrepreneurs continue to drive economic progress, the proactive steps taken by companies like Orion Group Holdings pave the way for enduring prosperity and highlight the benefits of a dynamic, adaptable business environment.
Readers are encouraged to engage with local businesses and stay informed about the ongoing developments that shape Houston’s vibrant economic future.
Frequently Asked Questions
What is Orion Group Holdings, Inc.?
Orion Group Holdings, Inc. is a leading specialty construction company serving the infrastructure, industrial, and building sectors. It provides services both on and off the water in the continental United States, Alaska, Hawaii, Canada, and the Caribbean Basin.
Where is Orion Group Holdings, Inc. headquartered?
Orion Group Holdings, Inc. is headquartered in Houston, Texas.
What was the amount of the recent refinancing transaction?
Orion Group Holdings, Inc. closed a new, five-year $120 million Senior Credit Facility.
When did the refinancing transaction close?
The refinancing transaction closed on December 29, 2025.
What are the components of the new $120 million credit facility?
The $120 million UMB Credit Facility is comprised of a $60 million revolving line of credit, a $20 million equipment term loan facility, and a $40 million acquisition term loan facility. It also includes an additional $25 million uncommitted accordion to fund future growth.
What is the maturity date of the new credit facility?
The new $120 million UMB Credit Facility matures in December 2030.
What was the purpose of the refinancing?
The refinancing aims to increase Orion’s financial flexibility with expanded liquidity and greater borrowing capacity at a lower overall cost of capital. Proceeds will be used to repay outstanding borrowings of $23 million under the prior facility and for general corporate purposes.
What types of services does Orion Group Holdings’ marine segment provide?
The marine segment provides construction and dredging services relating to marine transportation facility construction, marine pipeline construction, marine environmental structures, dredging of waterways, channels and ports, environmental dredging, design, and specialty services.
What types of services does Orion Group Holdings’ concrete segment provide?
The concrete segment provides turnkey concrete construction services including place and finish, site prep, layout, forming, and rebar placement for large commercial, structural and other associated business areas.
Has Orion Group Holdings been awarded any recent projects in Texas?
Yes, Orion Group Holdings was awarded an $86.3 million project by the U.S. Army Corps of Engineers for shoreline protection along the Texas coastline at the mouth of the Colorado River. The company has also secured contracts for repairs and improvements at the Port of Houston and the Port of Galveston.
Key Features of Orion Group Holdings’ Refinancing Transaction
| Transaction Type | Senior Credit Facility Refinancing |
| Amount | $120 Million |
| Lender | UMB Bank |
| Maturity Date | December 2030 |
| Components | $60M Revolving Line of Credit $20M Equipment Term Loan Facility $40M Acquisition Term Loan Facility $25M Uncommitted Accordion (for future growth) |
| Key Benefits | Increased financial flexibility, expanded liquidity, greater borrowing capacity, lower cost of capital |
| Primary Use of Proceeds | Repay outstanding borrowings from prior facility ($23M), general corporate purposes, fund future growth |
| Previous Agreement | $88 million credit agreement (matured May 2028) |
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