---
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"
generated_at: "2026-07-27T20:17:13.799390+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Target Hospitality closes new $660M ABL facility, replacing $175M prior credit line

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-087099
- JSON: https://secwatch.observer/filing/0001104659-26-087099.json
- Plain text: https://secwatch.observer/filing/0001104659-26-087099.txt

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