{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-087099","form_type":"8-K","ticker":"TH","cik":"0001712189","company_name":"Target Hospitality Corp.","filed_at":"2026-07-27T20:15:52+00:00","discovered_at":"2026-07-27T20:17:02.391655+00:00","generated_at":"2026-07-27T20:17:13.799390+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Target Hospitality closes new $660M ABL facility, replacing $175M prior credit line","bullets":["New $660M asset-based revolving credit facility matures July 2031, nearly quadrupling prior $175M capacity.","Borrowing cost reduced by up to 250 bps; interest at Term SOFR + 2.25%-3.00% based on leverage.","Accordion feature allows incremental commitments up to $850M, subject to conditions.","Proceeds used to repay existing facility and fees; supports 20,000+ bed commercial pipeline.","JPMorgan Chase, PNC, Wells Fargo acted as joint lead arrangers; Morgan Stanley and Huntington as documentation agents."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-087099","json":"https://secwatch.observer/filing/0001104659-26-087099.json","markdown":"https://secwatch.observer/filing/0001104659-26-087099.md","text":"https://secwatch.observer/filing/0001104659-26-087099.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1712189/000110465926087099/0001104659-26-087099-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1712189/000110465926087099/tm2621294d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-27T20:17:13.799390+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}