Shoals Technologies Group Inc
08/31/2026 | Press release | Distributed by Public on 08/31/2026 14:39
Material Agreement, Financial Obligation (Form 8-K)
Item 1.01 Entry into a Material Definitive Agreement.
On August 28, 2026, Shoals Technologies Group, Inc., as borrower, and certain of its subsidiaries entered into Amendment No. 8 (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.
The Amendment, among other things, provides that maintaining deposit accounts, security accounts and commodity accounts with JPMorgan Chase Bank, N.A. is sufficient to satisfy "control" thereof for perfection purposes, in lieu of providing a deposit account control agreement or similar control agreement.
The foregoing description of the Amendment does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Amendment, which is attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth under Item 1.01 is incorporated by reference to this Item 2.03.
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