Arq enters fifth amendment to credit agreement, adjusts liquidity covenant and borrowing base

Arq, Inc.

Replaces minimum liquidity covenant with $2.5M availability reserve, increasing to $5M in Jan 2027.
Adds eligible equipment and Rolling Stock to borrowing availability calculation.
Permits higher single customer concentration in Eligible Accounts until August 2026.
Fifth amendment to Credit, Security and Guaranty Agreement with MidCap Funding IV Trust dated March 31, 2026.
Amendment fee paid; conditions satisfied; reaffirms security interests and representations.

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 Fifth Amendment with MidCap Funding IV Trust (effective 2026-03-31).

Action: amendment
Agreement: credit facility
Counterparty: MidCap Funding IV Trust
Effective: 2026-03-31

Exact text from the filing

On March 31, 2026 , Arq, Inc. (the "Company") and certain of its subsidiaries, entered into the fifth amendment (the "Fifth 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, January 28, 2026, and February 27, 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 0001515156-26-000041

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