Quest Resource Holding Corporation has entered into significant amendments to its existing credit agreements as of May 12, 2025. The company and its domestic subsidiaries finalized the Monroe Seventh Amendment and the PNC Sixth Amendment to their credit and loan agreements, respectively. These amendments, involving PNC Bank and Monroe Capital Management Advisors, LLC, include waiving financial covenant testing for the first quarter of 2025 and modifying interest rates and financial covenants. Additionally, a Fourth Amendment to the Intercreditor Agreement was established, clarifying the relative rights of PNC Bank and Monroe Capital concerning their collateral interests. This move is aimed at providing Quest Resource with enhanced financial flexibility and optimizing its capital structure.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.