Great Lakes Dredge & Dock Expands Credit Facility

Great Lakes Dredge & Dock ( (GLDD) ) has shared an announcement.

On October 24, 2025, Great Lakes Dredge & Dock Corporation amended its Revolving Credit Facility, increasing it by $100 million to $430 million and extending its maturity to October 2030. This amendment allowed the company to fully repay its $100 million second lien notes, saving an estimated $6 million per year in interest. The expansion of the credit facility strengthens Great Lakes’ financial position, providing enhanced flexibility to pursue strategic priorities and deliver value to shareholders.

The most recent analyst rating on (GLDD) stock is a Hold with a $12.00 price target. To see the full list of analyst forecasts on Great Lakes Dredge & Dock stock, see the GLDD Stock Forecast page.

Spark’s Take on GLDD Stock

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

The overall stock score reflects strong financial performance and a positive outlook from the earnings call, which are offset by bearish technical indicators and cash flow concerns. The company’s strategic initiatives and robust backlog support a favorable long-term view, but short-term technical challenges and liquidity risks need to be addressed.

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

More about Great Lakes Dredge & Dock

Great Lakes Dredge & Dock Corporation is the largest provider of dredging services in the United States, with a history of significant international projects. The company is expanding into the offshore energy industry and operates the largest and most diverse fleet in the U.S. dredging industry, consisting of approximately 200 specialized vessels. It emphasizes safety through its Incident-and Injury-Free® (IIF®) safety management program.

Average Trading Volume: 401,954

Technical Sentiment Signal: Buy

Current Market Cap: $758.1M

For detailed information about GLDD stock, go to TipRanks’ Stock Analysis page.