Company: TH
Filing Date: 2025-12-29
Form Type: 8-K
Source: 0001104659-25-124455
Chunk: 0

Company: Target Hospitality Corp.
Filing Date: 2025-12-29
Form: 8-K
Item: Item 1.01
Chunk 0
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Item 1.01. Entry into a Material Definitive Agreement.

On December 23, 2025, Arrow Bidco, LLC
(“ Arrow Bidco”) and certain other subsidiaries of Target Hospitality Corp. (the “ Company”) entered
into a sixth amendment (the “ Sixth Amendment”), 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 Sixth 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 Sixth Amendment amends the ABL Credit Agreement
to, among other things, revise the Consolidated Fixed Charge Coverage Ratio (as defined in the ABL Credit Agreement) covenant that the
Company must comply with during calendar 2026. The Company entered into the Sixth Amendment to revise the Consolidated Fixed Charge Coverage
Ratio covenant applicable during calendar year 2026 to provide additional flexibility in connection with the timing of anticipated capital
expenditures associated with planned growth projects. The Company is in compliance with the financial covenants under the ABL Credit Agreement
as of the date of the Sixth Amendment.

The foregoing description of the Sixth Amendment
is qualified in its entirety by reference to the full text of the Sixth Amendment, a copy of which is attached to this Current Report
on Form 8-K as Exhibit 10.1, and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.