Target Hospitality Announces New $660 Million Credit Facility, Significantly Expanding Liquidity and Lowering Cost of Capital to Support Strategic Growth
Target Hospitality Corp. has secured a new $660 million asset-based revolving credit facility, replacing its previous $175 million facility. This move significantly enhances the company's liquidity, extends its debt maturity to July 2031, and lowers borrowing costs by up to 250 basis points. The …