Array Technologies, Inc. 8-K

What Happened
Array Technologies, Inc. (through its wholly owned borrower subsidiary Array Tech, Inc.) announced on February 18, 2026 that it entered into Amendment No. 5 to its credit agreement with Goldman Sachs Bank USA as administrative agent and the lenders. The amendment increases the company’s revolving credit commitments, extends the facility maturity, removes a Term SOFR credit spread adjustment, and expands the currencies in which loans and letters of credit can be requested. The company also issued a press release announcing the amendment.

Key Details

• Revolving credit commitments increased from $166,000,000 to $370,000,000.
• Revolving facility maturity extended from October 14, 2028 to February 18, 2031.
• The amendment removes the credit spread adjustment related to Term SOFR used in the credit agreement.
• The Borrower can now request revolving loans and letters of credit in an expanded set of currencies; Goldman Sachs Bank USA serves as administrative and collateral agent.

Why It Matters
The amendment materially increases Array’s available liquidity and extends its debt maturity profile, giving the company more financing runway through early 2031. Removing the Term SOFR spread adjustment may affect borrowing costs under the facility depending on market rates and contract pricing. Expanded currency flexibility and a larger revolver can help the company support operations, letters of credit, and short‑term funding needs. The company furnished a press release under Regulation FD to disclose the change to investors.