secwatch.observer — SEC 8-K summary
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Issuer:     Arq, Inc. (ARQ)
CIK:        0001515156
Form:       8-K
Filed at:   2025-01-02T23:59:59+00:00
Accession:  0001515156-25-000002
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 1.02, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1515156/000151515625000002/0001515156-25-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1515156/000151515625000002/ades-20241227.htm
  HTML page:      https://secwatch.observer/filing/0001515156-25-000002

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