secwatch.observer — SEC 8-K summary
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Issuer:     Target Hospitality Corp. (TH)
CIK:        0001712189
Form:       8-K
Filed at:   2023-11-03T23:59:59+00:00
Accession:  0001104659-23-114293
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Arrow Bidco settles exchange of $181.4M 9.50% notes due 2024 for 10.75% notes due 2025
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- $181.4M Existing Notes exchanged for new 10.75% Senior Secured Notes due June 15, 2025 plus $2.7M cash; $28.1M remain outstanding.
- New Notes mature June 2025 (accelerate to March 2024 if Existing Notes then outstanding); interest at 10.75% s.a. beginning March 15, 2024.
- Target Hospitality expects net-debt free balance sheet and total available liquidity exceeding $315M by year-end 2023.
- Bylaws amended: revised advance notice procedures for director nominations and stockholder proposals; gender-neutral terms adopted.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1712189/000110465923114293/0001104659-23-114293-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1712189/000110465923114293/tm2329516d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-114293

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