---
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"
generated_at: "2026-06-10T00:04:56.010391+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Target Hospitality expands credit facility by $50M to $175M; no outstanding balance

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-109122
- JSON: https://secwatch.observer/filing/0001104659-23-109122.json
- Plain text: https://secwatch.observer/filing/0001104659-23-109122.txt

## Key facts
- Material Agreements
  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).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A., as administrative agent
  - Value: from $125 million to $175 million
  - Effective: 2023-10-12
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1712189/000110465923109122/0001104659-23-109122-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.