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- No Guarantee A Repayment Agreement Will Be Reached (new) — Company faces uncertainty over financing $84M+ in surety obligations with only one-year forbearance and no assured long-term deal.
Southland subsidiary settles $57M construction dispute; sureties pay $26.5M more
Filed April 2, 2026 · Period ending March 27, 2026 · ~1 min read
Key Changes
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American Bridge settled litigation over Washington State Convention Center project; sureties already paid $57.8M judgment and will pay additional $26.5M for costs, fees, and sanctions.
Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR → -
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Company must repay sureties for all amounts paid on its behalf; sureties agreed to forbear until March 2027, but long-term financing terms still being negotiated with no guarantee of agreement.
Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR → -
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Settlement obligations consistent with estimates in March 26, 2026 10-K; appeals and claims dismissed with prejudice except for ongoing sanctions appeal.
Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
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Generated by AI · Jun 17, 2026 5:33 PM