FTC Solar amends credit agreement, delays $5M payment to March 2027

FTC Solar negotiated a third amendment to its credit agreement, deferring a $5 million repayment from September 30 to March 31, 2027, and suspending all financial covenants until Q1 2027. The covenant waivers suggest near-term liquidity or operational pressure, but the deferral is modest relative to revenue and the company secured lender agreement rather than defaulting.

The company pushed back a $5 million debt payment due today to next spring and got its lenders to pause financial requirements checks for now, which shows it was struggling to meet those obligations but managed to negotiate flexibility.