Target Hospitality extends ABL springing maturity to Mar 31; awards CEO 2M PSUs

Target Hospitality Corp.

Fourth and Fifth Amendments to ABL credit agreement pushed springing maturity date from March 15 to March 31, 2025 if 2025 Senior Secured Notes remain outstanding.
Compensation Committee adopted new form RSU/PSU agreements and amended 2019 Incentive Plan to increase shares authorized, subject to shareholder approval.
CEO James B. Archer granted 2,000,000 performance-stock units (PSUs) vesting June 30, 2028 based on stock price thresholds from $20 to $30 per share.
CAO Jason Vlacich granted 600,000 PSUs on same terms; settlement in stock contingent on shareholder approval of share increase, else cash.

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