Financing ·
Target Hospitality Corp. closed a new $660 million asset-based revolving credit facility on July 24, 2026, replacing…
THTarget Hospitality Corp.
Target Hospitality Corp. closed a new $660 million asset-based revolving credit facility on July 24, 2026, replacing its previous $175 million facility. The new facility has a five-year term maturing in July 2031 and includes an accordion feature to increase total commitments up to $850 million. Borrowings under the new facility are expected to bear interest at Term SOFR plus 2.25% to 3.00% based on the leverage ratio. Target Hospitality Corp. is a provider of modular accommodations and hospitality services in North America.