FTC Solar shares rise 12.53% after-hours after credit agreement amendment and covenant waiver secures long-term debt reclassification.

FTC Solar surged 12.53% in after-hours trading following the announcement of a Second Amendment and Limited Waiver to its Credit Agreement. The amendment waived a prior purchase order covenant breach for Q4 2025, suspended the covenant until Q1 2027, and reclassified $19.9 million of term debt to long-term. The agreement also revised financial covenants and required $10 million in 2026 prepayments, with immediate payments of $2.5 million already made. This restructuring alleviates near-term liquidity risks and provides operational flexibility, addressing prior financial strain highlighted in its Q4 2025 covenant breach. The move stabilizes the company’s debt profile, reinforcing investor confidence in its ability to manage obligations while scaling production and diversifying supply chains.