EXHIBIT 10.1
Target Hospitality Corp.
CREDIT AGREEMENT
dated as of
July 24, 2026
among
Topaz Holdings LLC,
As Holdings,
Arrow Bidco, LLC,
Target Logistics Management, LLC,
RL Signor Holdings, LLC,
TLM Equipment, LLC,
Target Culinary, LLC, and
US Iron Bidco, LLC,
as the Borrowers,
the Other Loan Parties party hereto from time to time,
the Lenders party hereto from time to time
and
JPMorgan Chase Bank, N.A.,
as Administrative Agent
JPMorgan Chase Bank, N.A.,
PNC Capital Markets LLC
and
Wells Fargo Bank, National Association
as Joint Lead Arrangers and Bookrunners
and
Huntington National Bank
and
Morgan Stanley Senior Funding, Inc.
as Co-Documentation Agents
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