Shoals Technologies Group, Inc. Increases Revolving Credit Facility to $150 Million
May 04 2022 - 04:43PM
Shoals Technologies Group, Inc. (“Shoals” or the “Company”)
(Nasdaq: SHLS), a leading provider of electrical balance of system
(“EBOS”) solutions for solar, battery storage and electric vehicle
charging infrastructure, today announced that it has increased the
size of its existing revolving credit facility by $50 million to
$150 million pursuant to a fifth amendment to its Credit Agreement
with Wilmington Trust, National Association, as Term Loan
Administrative Agent and Collateral Agent, JPMorgan Chase Bank,
N.A., as Revolving Facility Administrative Agent, and each L/C
Issuer and lender from time to time party thereto. The transaction
closed on May 2, 2022.
“The upsized credit facility will provide
additional financial flexibility to support our growth and
strategic initiatives and optimize our balance sheet as we continue
building our business,” said Jason Whitaker, Chief Executive
Officer.
About Shoals Technologies Group,
Inc.Shoals Technologies Group, Inc. is a leading provider
of electrical balance of system (“EBOS”) solutions for solar,
battery storage and electric vehicle charging infrastructure. The
Company’s mission is to provide innovative products that reduce the
cost of installation while improving system performance,
reliability and safety. At least one Shoals’ product was used on
more than half of the solar energy projects installed in the U.S.
in 2020. To learn more about Shoals, please visit the company's
website at https://www.shoals.com.
Contacts Investors:Email: investors@shoals.com
Phone: 615-323-9836
Media:Email: media@shoals.com
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