FTC Solar amends credit agreement, defers $5 million repayment to March 2027
FTCI•FTC Solar deferred a $5 million cash prepayment from Sept. 30, 2026, to March 31, 2027, and revised its financial covenants.
1. Repayment and covenants
FTC Solar amended its credit agreement with lenders, waiving financial covenants for the third and fourth quarters of 2026. The minimum cash covenant was reset to $15 million, first tested Jan. 4, 2027; the full-year 2026 adjusted EBITDA covenant was removed, and a new first-quarter 2027 adjusted EBITDA covenant was set at $2 million.
