Arq amends credit agreement to lower minimum liquidity covenant through March 2026

Arq, Inc.

Fourth Amendment to revolving credit agreement with MidCap Funding IV Trust, dated Feb 27, 2026.
Minimum liquidity reduced to $2.0M through March 31, 2026, then $5.0M thereafter (previously higher).
Inventory borrowing base capped at 50% of revolver limit until March 31, then 40% after.
Individual account concentration limit set at 40% until March 31, then 25%; top two at 50%, then 40%.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Arq, Inc. amended Fourth Amendment with MidCap Funding IV Trust (effective 2026-02-27).

Action: amendment
Agreement: credit facility
Counterparty: MidCap Funding IV Trust
Effective: 2026-02-27

Exact text from the filing

On February 27, 2026 , Arq, Inc. (the "Company") and certain of its subsidiaries, entered into the fourth amendment (the "Fourth Amendment") to the Credit, Security and Guaranty Agreement (the "Revolving Credit Agreement"), dated December 27, 2024, as amended on May 6, 2025, December 9, 2025, and January 28, 2026, with MidCap Funding IV Trust, in its capacity as agent, the lenders from time to time party thereto, and any entities that become party thereto as Guarantors.

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Source: SEC EDGAR

accession 0001515156-26-000008

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