Shoals Technologies Amends Credit Agreement; JPMorgan Account Control

What Happened
Shoals Technologies Group, Inc. announced on August 28, 2026 that it entered into Amendment No. 8 to its Credit Agreement (originally dated November 25, 2020) with Wilmington Trust, N.A. as Collateral Agent, JPMorgan Chase Bank, N.A. as Administrative Agent, and the lenders party to the agreement. The amendment provides that maintaining deposit accounts, security accounts and commodity accounts with JPMorgan Chase is sufficient to establish “control” for perfection purposes, instead of requiring a separate deposit account control agreement. The amendment is attached as Exhibit 10.1 to the company’s Form 8‑K filed August 31, 2026.

Key Details

• Amendment No. 8 executed August 28, 2026; Form 8‑K filed August 31, 2026 and signed by CFO Dominic Bardos.
• Collateral Agent: Wilmington Trust, N.A.; Administrative Agent: JPMorgan Chase Bank, N.A.; lenders remain parties to the Credit Agreement.
• Change: JPMorgan deposit/security/commodity accounts now suffice to satisfy “control” for perfection — replaces need for separate deposit account control agreements.
• Filing also references Item 2.03 (Creation of a Direct Financial Obligation); the 8‑K does not disclose changes to loan amounts or covenant terms.

Why It Matters
For investors, this amendment affects how Shoals and its lenders establish and perfect security interests in the company’s accounts. It can simplify administrative steps and speed access to collateral or cash management through JPMorgan, and underscores the bank’s central role in the company’s credit structure. The filing does not announce any change in borrowing capacity or covenant terms; review the full Amendment (Exhibit 10.1) for complete legal detail.