TARGET HOSPITALITY CORP. | Item 1.02 |
Termination of a Material Definitive Agreement.
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Effective as of November 21, 2023 (the "Redemption Date"), Arrow Bidco, LLC (the "Issuer"), a wholly-owned indirect subsidiary of Target Hospitality Corp., redeemed all $28,054,000 in aggregate principal amount outstanding of its 9.50% Senior Secured Notes due 2024 (the "Redemption") at a redemption price equal to 100.000% of the principal amount thereof plus accrued and unpaid interest to but not including the Redemption Date, and the indenture dated as of March 15, 2019, by and among the Issuer, the guarantors from time to time party thereto and Deutsche Bank Trust Company Americas, as trustee and collateral agent, as supplemented by the First Supplemental Indenture November 1, 2023, was terminated. The Issuer funded the Redemption using proceeds available from cash on hand.
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Target Hospitality Corp. published this content on 21 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 November 2023 21:21:19 UTC.
