Amends Credit Agreement for perfection of security interests in accounts

What did Shoals Technologies Group, Inc. announce?

Shoals Technologies Group, Inc. amended its Credit Agreement to update provisions related to perfecting security interests in various accounts.

Key details

• The amendment specifies that maintaining deposit, security, and commodity accounts with JPMorgan Chase Bank, N.A. is sufficient for perfection purposes, removing the need for separate control agreements.
• The amendment revised clause (h) of the definition of "Collateral and Guarantee Requirement" in the Existing Credit Agreement.
• The amendment also revised clause (e) of Section 2(a) and Section 17(b) of the Security Agreement.
• The amendment was effective on August 28, 2026.

Why it matters

This 8-K reports a financing at Shoals Technologies Group, Inc.. The likely share-price reaction reads as neutral.