Target Hospitality amends ABL credit agreement to revise fixed charge coverage covenant for 2026

Target Hospitality Corp.

Sixth Amendment to ABL Credit Agreement revised Consolidated Fixed Charge Coverage Ratio covenant for calendar year 2026.
Amendment provides additional flexibility for anticipated capital expenditures on planned growth projects.
Company reaffirms compliance with financial covenants as of amendment date (Dec 23, 2025).
Consent fee of 0.10% paid to consenting Revolver Lenders on their commitments.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Target Hospitality Corp. amended Sixth Amendment with Bank of America, N.A., as administrative agent and collateral agent (effective 2025-12-23).

Action: amendment
Agreement: credit facility
Counterparty: Bank of America, N.A., as administrative agent and collateral agent
Effective: 2025-12-23

Exact text from the filing

On December 23, 2025, Arrow Bidco, LLC (“ Arrow Bidco ”) and certain other subsidiaries of Target Hospitality Corp. (the “ Company ”) entered into a sixth amendment (the “ Sixth Amendment ”), to the ABL Credit Agreement, dated as of March 15, 2019, (as amended, amended and restated, supplemented or otherwise modified from time to time prior to the date of the Sixth Amendment, the “ ABL Credit Agreement ”), by and among Arrow Bidco, the borrowers and guarantors party thereto from time to time, the lenders and fronting banks party thereto from time to time and Bank of America, N.A., as administrative agent and collateral agent.

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Source: SEC EDGAR

accession 0001104659-25-124455

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