Quest Resource Holding Corp (QRHC): debt financing — Quest Resource increases PNC revolving credit facility from $15M to $25M

increase the amount of Revolving Credit Commitments (as defined in the PNC Loan Agreement) from $15,000,000 to $25,000,000.

The Monroe Fourth Amendment, among other things, changed the interest rate from LIBOR to SOFR under the Monroe Credit Agreement.

On December 2, 2022, the Company and certain of its domestic subsidiaries entered into an amendment (the “PNC Third Amendment”) to that certain Loan, Security and Guaranty Agreement, dated as of August 5, 2020 (as amended by that the Joinder and First Amendment, dated as of October 19, 2020, as amended by the Joinder and Second Amendment, dated as of December 7, 2021 and as may be further amended restated, supplemented or otherwise modified from time to time, the “PNC Loan Agreement”), with PNC Bank, National Association, successor to BBVA USA, as a lender, and as administrative agent, collateral agent, and issuing bank, to, among other things, increase the amount of Revolving Credit Commitments (as defined in the PNC Loan Agreement) from $15,000,000 to $25,000,000.

On December 2, 2022, Quest Resource Holding Corporation (the “Company”) and certain of its domestic subsidiaries entered into an amendment (the “Monroe Fourth Amendment”) to that certain Credit Agreement, dated as of October 19, 2020 (as amended by that certain First Amendment to Credit Agreement, dated as of September 3, 2021, that certain Second Amendment to Credit Agreement, dated as of December 1, 2021, that certain Third Amendment to Credit Agreement, dated as of December 7, 2021, as further amended by that certain Letter Agreement, dated as of August 9, 2022, and as may be further amended, restated, supplemented, or otherwise modified from time to time , the “Monroe Credit Agreement”), with Monroe Capital Management Advisors, LLC, as administrative agent for the lenders thereto (the “Lenders”) and the Lenders.

In connection with the Monroe Fourth Amendment and the PNC Third Amendment, PNC Bank and Monroe Capital Management Advisors, LLC entered into the First Amendment to Intercreditor Agreement (the “Intercreditor Agreement Amendment”) setting forth their relative rights with respect to their interests in the collateral under their respective agreements.