FTC Solar amends credit agreement and schedules USD 10 million in term loan prepayments

Reuters03-24 18:04

<a href="https://laohu8.com/S/FTCI">FTC Solar</a> amends credit agreement and schedules USD 10 million in term loan prepayments

FTC Solar entered into a second amendment and limited waiver to its credit agreement with lenders, waiving a covenant breach and suspending the purchase order covenant until the quarter ending March 31, 2027.
Under the amendment, the company agreed to principal prepayments of USD 2.5 million, USD 2.5 million, and USD 5 million.
Following the amendment, the term loan balance is expected to be reflected as long-term debt, except for the required prepayment amounts.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FTC Solar Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-120582), on March 24, 2026, and is solely responsible for the information contained therein.

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