Knife River Corp — Form 10-Q
Filed August 4, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 12/100
What the filing says
On April 20, 2026, four Knife River subsidiaries (Morgan Asphalt Inc., Knife River Corporation–Southwest, and two others named in signature blocks) executed a Fourth Supplemental Indenture becoming joint and several guarantors of the company's $425 million aggregate principal amount of 7.750% Senior Notes due 2031, originally issued April 25, 2023. The guarantees are unconditional and senior-basis obligations. No financial consideration or new debt was created; this is a structural reorganization adding guarantor coverage to existing debt.
Why this rating
Routine debt administration: adding subsidiary guarantees to existing notes is standard corporate structure practice, immaterial to $4.6B company and business trajectory.
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