debt
confidence high
sentiment positive
materiality 0.70
Target Hospitality Corp. redeems all $181.4M of 10.75% senior secured notes due 2025
Target Hospitality Corp.
- Redeemed all $181.4M in 10.75% Senior Secured Notes due 2025 at 101% of par plus accrued interest.
- Indenture dated Nov 1, 2023 terminated effective March 25, 2025.
- Funded from cash on hand and borrowings under the ABL credit facility.
- Redemption eliminates future interest expense at 10.75%.