Company: TH
Filing Date: 2025-02-28
Form Type: 8-K
Source: 0001104659-25-019190
Chunk: 0

Company: Target Hospitality Corp.
Filing Date: 2025-02-28
Form: 8-K
Item: Item 1.01
Chunk 0
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Item 1.01      Entry into a Material Definitive Agreement.  

On February 24, 2025 and February 27, 2025, Arrow
Bidco, LLC (“ Arrow Bidco”) and certain other subsidiaries of Target Hospitality Corp. (the “ Company”)
entered into a fourth amendment (the “ Fourth Amendment”) and a fifth amendment (the “ Fifth Amendment”),
respectively, to the ABL Credit Agreement, dated as of March 15, 2019, (as amended, amended and restated, supplemented or otherwise modified
from time to time prior to the date of the Fourth Amendment, the “ ABL Credit Agreement”), by and among Arrow Bidco,
the borrowers and guarantors party thereto from time to time, the lenders and fronting banks party thereto from time to time and Bank
of America, N. A., as administrative agent and collateral agent.

The Fourth Amendment amends the ABL Credit Agreement
to modify the springing maturity provision that will accelerate the maturity of the facility if any of the 2025 Senior Secured Notes (as
defined in the Credit Agreement) remain outstanding on the date that is ninety-one days prior to the stated maturity date thereof (March
15, 2025) to March 18, 2025, which was further modified by the Fifth Amendment to March 31, 2025.

The foregoing descriptions of the Fourth
Amendment and the Fifth Amendment are qualified in their entirety by reference to the full text of the Fourth Amendment and the Fifth
Amendment, copies of which are attached to this Current Report on Form 8-K as Exhibit 10.1 and 10.2, respectively, and
incorporated herein by reference.