secwatch.observer — SEC 8-K summary
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Issuer:     Arq, Inc. (ARQ)
CIK:        0001515156
Form:       8-K
Filed at:   2023-06-06T23:59:59+00:00
Accession:  0001515156-23-000068
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ADES subsidiaries modify $10M USDA loan; bank waives 2022-2023 financial covenants
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- Loan modification agreement with Community Trust Bank on $10M USDA-guaranteed term loan; $7.93M outstanding on Note A, $1.98M on Note B.
- Bank waives financial covenant compliance for FY2022 and FY2023; borrowers must comply from FY2024 onward.
- Borrowers deposit additional $727,990 into interest reserve account; $50,000 modification fee paid.
- Borrowers must establish operating bank accounts with Community Trust Bank by September 30, 2023.
- ADES to provide its SEC 10-Q and 10-K filings to bank within 5 business days of SEC filing to satisfy ongoing reporting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1515156/000151515623000068/0001515156-23-000068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1515156/000151515623000068/ades-20230602.htm
  HTML page:      https://secwatch.observer/filing/0001515156-23-000068

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