---
schema_version: "secwatch.filing_event.v1"
accession: "0001515156-25-000002"
form_type: "8-K"
ticker: "ARQ"
cik: "0001515156"
company_name: "Arq, Inc."
filed_at: "2025-01-02T23:59:59+00:00"
generated_at: "2026-05-28T18:10:42.250829+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Arq closes $30M revolving credit facility, refinances prior term loan

## Summary
- New $30M asset-based revolver with MidCap Financial; 5-year term, SOFR+4.5% (floor 2.5%).
- Borrowing base: 85% eligible AR + 85% net orderly liquidation value of inventory.
- Proceeds used to repay ~$11.45M CF Global Term Loan (incl. $220K prepayment premium).
- Funds also support growth capex at Red River plant and working capital needs.
- Board member Jeremy Blank had indirect 10% earnings interest in prior CF Global loan.

## SEC filing metadata
- accession: 0001515156-25-000002
- form_type: 8-K
- ticker: ARQ
- cik: 0001515156
- company_name: Arq, Inc.
- filed_at: 2025-01-02T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1515156/000151515625000002/0001515156-25-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1515156/000151515625000002/ades-20241227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001515156-25-000002
- JSON: https://secwatch.observer/filing/0001515156-25-000002.json
- Plain text: https://secwatch.observer/filing/0001515156-25-000002.txt

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