FTC Solar (ISIN US30320C3016) carried a market capitalization of USD 30.7 million on Nasdaq on October 7, 2026. On October 5, GlobeNewswire reported that FTC Solar had amended its credit agreement with lenders. The change shifts the company story from immediate covenant pressure toward a closely watched 2027 liquidity test.
Credit relief resets 2026 tests
The amendment defers a USD 5 million cash repayment from September 30, 2026, to March 31, 2027, according to GlobeNewswire on October 5, 2026.
No financial covenants apply to the third or fourth quarters of 2026. The revised terms introduce a USD 15 million cash balance covenant tested from January 4, 2027, and a USD 2 million adjusted EBITDA covenant for the first quarter of 2027, the…