FTC Solar amends credit facility, reduces minimum liquidity covenant to $50M through March 2023

FTC Solar, Inc.

Minimum liquidity covenant lowered from $125M to $50M until March 31, 2023; company currently meets the $50M threshold.
If liquidity condition not met, additional monthly covenants: asset coverage ratio >=1.10:1.00 and net cash payments to third parties capped at $50M.
Until March 31, 2023, company restricted from incurring new debt (except credit facility or permitted unsecured debt) and from paying dividends.
Consent fee of 0.150% of each lender's revolving commitment paid for this amendment.

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