{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-109122","form_type":"8-K","ticker":"TH","cik":"0001712189","company_name":"Target Hospitality Corp.","filed_at":"2023-10-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.144945+00:00","generated_at":"2026-06-10T00:04:56.010391+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Target Hospitality expands credit facility by $50M to $175M; no outstanding balance","bullets":["Expanded ABL credit facility by $50M to $175M total capacity; zero drawn balance as of Oct 12, 2023.","Net debt reduced ~80% since 2020; pro-forma total available liquidity expected >$300M by year-end 2023.","Proceeds for general corporate purposes; CFO says facility increases financial flexibility and complements high cash generation.","Facility upsizes complement recently announced note exchange, further optimizing capital structure."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-109122","json":"https://secwatch.observer/filing/0001104659-23-109122.json","markdown":"https://secwatch.observer/filing/0001104659-23-109122.md","text":"https://secwatch.observer/filing/0001104659-23-109122.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1712189/000110465923109122/0001104659-23-109122-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1712189/000110465923109122/tm2328430d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T00:04:56.010391+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f64db7b41b1a57900e46a7aa36fc8120890a498e","claim":"Target Hospitality Corp. amended Amendment with Bank of America, N.A., as administrative agent valued at from $125 million to $175 million (effective 2023-10-12).","evidence_excerpt":"On October 12, 2023, Arrow Bidco, LLC (“Arrow Bidco”) and certain other subsidiaries of Target Hospitality Corp. entered into a third amendment (the “Amendment”) to the ABL Credit Agreement","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1712189/000110465923109122/0001104659-23-109122-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A., as administrative agent"},{"label":"Value","value":"from $125 million to $175 million"},{"label":"Effective","value":"2023-10-12"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}