Shoals Technologies amends credit agreement, adds $50M revolving loans, changes leverage covenant

Shoals Technologies Group, Inc.

Added $50M 2026 Incremental Revolving Loans with 18-month availability period.
Replaced first lien secured leverage covenant with total leverage ratio of 4.00:1.00, with temporary increases for acquisitions.
Amendment corrects a scrivener's error; no material changes to existing terms.
Effective June 10, 2026; loans prepayable at any time without premium or penalty.

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

Shoals Technologies Group, Inc. amended Amendment No. 7 with Wilmington Trust, National Association, JPMorgan Chase Bank, N.A., and each L/C issuer and lender valued at $50,000,000 (effective 2026-06-10).

Action: amendment
Agreement: credit facility
Counterparty: Wilmington Trust, National Association, JPMorgan Chase Bank, N.A., and each L/C issuer and lender
Value: $50,000,000
Effective: 2026-06-10

Exact text from the filing

On June 10, 2026 (the “Effective Date”), Shoals Technologies Group, Inc. (the “Company”), as borrower, and certain of its subsidiaries entered into Amendment No. 7 (the “Amendment”) to the Credit Agreement, dated as of November 25, 2020, with Wilmington Trust, National Association, as Collateral Agent, JPMorgan Chase Bank, N.A., as Administrative Agent, and each L/C issuer and lender from time to time party thereto

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Source: SEC EDGAR

accession 0001831651-26-000098

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