Shoals Technologies increases revolving facility to $150 million

By Wendy Van Sickle

Columbus, Ohio, May 4 – Shoals Technologies Group, Inc. increased the size of its existing revolving credit facility by $50 million to $150 million by way of a fifth amendment to its credit agreement with JPMorgan Chase Bank, NA as revolving facility administrative agent on Monday, according to a news release.

Wilmington Trust, NA is term loan administrative agent and collateral agent for the credit agreement.

“The upsized credit facility will provide additional financial flexibility to support our growth and strategic initiatives and optimize our balance sheet as we continue building our business,” Jason Whitaker, chief executive officer of Shoals, said in the release.

The Portland, Tenn.-based company is a provider of electrical balance of system solutions for solar, battery storage and electric vehicle charging infrastructure.

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