Orion Group Holdings, Inc. Announces Additional $20 Million Revolver

Orion Group Holdings, Inc. (NYSE: ORN) (the "Company") a leading specialty construction company, today announced it has entered into an amendment to its existing credit agreement with Regions Bank and other lenders, providing for a new $20 million revolving credit facility to supplement its existing $50 million revolver. The new revolver will have a term of one year.

“This new credit line further strengthens our liquidity and provides additional financial flexibility as we execute our strategic plan,” stated Mark Stauffer, Orion’s President and Chief Executive Officer. “We greatly appreciate the continued cooperation and support of our banking group, especially in light of the COVID-19 pandemic.”

About Orion Group Holdings

Orion Group Holdings, Inc., a leading specialty construction company serving the infrastructure, industrial and building sectors, provides services both on and off the water in the continental United States, Alaska, Canada and the Caribbean Basin through its marine segment and its concrete segment. The Company’s 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. Its concrete segment provides turnkey concrete construction services including pour and finish, dirt work, layout, forming, rebar, and mesh across the light commercial, structural and other associated business areas. The Company is headquartered in Houston, Texas with regional offices throughout its operating areas.

Contacts

Orion Group Holdings Inc.
Robert Tabb, Vice President & CFO
(713) 852-6500
www.oriongroupholdingsinc.com

INVESTOR RELATIONS COUNSEL:

The Equity Group Inc.
Fred Buonocore, CFA (212) 836-9607
Mike Gaudreau (212) 836-9620