Quest Resource Holding Corp. Enters Material Definitive Agreement

TL;DR

Quest Resource Holding Corp. just signed a big deal, creating a new financial obligation.

AI Summary

On March 29, 2024, Quest Resource Holding Corp. entered into a material definitive agreement, creating a direct financial obligation. The company, formerly known as Infinity Resources Holdings Corp., BlueStar Financial Group, Inc., and YouChange Holdings Corp., is incorporated in Nevada and headquartered in The Colony, Texas.

Why It Matters

This filing indicates a significant new financial commitment or obligation for Quest Resource Holding Corp., which could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and creating new financial obligations can introduce financial risks and uncertainties for a company.

Key Players & Entities

• Quest Resource Holding Corp. (company) — Registrant
• March 29, 2024 (date) — Date of earliest event reported
• Infinity Resources Holdings Corp. (company) — Former company name
• YouChange Holdings Corp (company) — Former company name
• BlueStar Financial Group, Inc. (company) — Former company name
• The Colony, Texas (location) — Business address city and state

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value QRHC The Nasdaq Stock Marke
• $5 million — or an equipment term loan line of up to $5 million. The information contained in Exhibit 1

Filing Documents

• e663474_8k-qrhc.htm (8-K) — 31KB
• e663474_ex10-1.htm (EX-10.1) — 65KB
• e663474_ex10-2.htm (EX-10.2) — 1044KB
• e663474_ex10-3.htm (EX-10.3) — 399KB
• e663474_ex99-1.htm (EX-99.1) — 8KB
• image.jpg (GRAPHIC) — 4KB
• 0001193805-24-000491.txt ( ) — 2044KB
• qrhc-20240329.xsd (EX-101.SCH) — 3KB
• qrhc-20240329_lab.xml (EX-101.LAB) — 34KB
• qrhc-20240329_pre.xml (EX-101.PRE) — 22KB
• e663474_8k-qrhc_htm.xml (XML) — 4KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On March 29, 2024, Quest Resource Holding Corporation (the "Company") and certain of its domestic subsidiaries entered into an amendment (the "Monroe Fifth Amendment") to that certain Credit Agreement, dated as of October 19, 2020 (as amended by that certain First Amendment to Credit Agreement, dated as of September 3, 2021, that certain Second Amendment to Credit Agreement, dated as of December 1, 2021, that certain Third Amendment to Credit Agreement, dated as of December 7, 2021, that certain Letter Agreement, dated as of August 9, 2022, as further amended by that certain Fourth Amendment to Credit Agreement, dated as of December 2, 2022, and as may be further amended, restated, supplemented, or otherwise modified from time to time, the "Monroe Credit Agreement"), with Monroe Capital Management Advisors, LLC, as administrative agent for the lenders thereto (the "Lenders") and the Lenders. The Monroe Fifth Amendment, among other things, changed the termination date established under the Monroe Credit Agreement to October 19, 2026. The information contained in Exhibit 10.1 filed herewith is hereby incorporated by reference into this Item 1.01. On March 29, 2024, the Company and certain of its domestic subsidiaries entered into an amendment (the "PNC Fourth Amendment") to that certain Loan, Security and Guaranty Agreement, dated as of August 5, 2020 (as amended by that the Joinder and First Amendment, dated as of October 19, 2020, as amended by the Joinder and Second Amendment, dated as of December 7, 2021, as amended by the Third Amendment to Loan, Security and Guaranty Agreement, dated as of December 2, 2022, and as may be further amended restated, supplemented or otherwise modified from time to time, the "PNC Loan Agreement"), with PNC Bank, National Association, successor to BBVA USA, as a lender, and as administrative agent, collateral agent, and issuing bank, to, among other things, extend the maturity

01. Other Events

Item 8.01. Other Events. On April 1, 2024, the Company announced its entry into the Monroe Fifth Amendment and the PNC Fourth Amendment. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Fifth Amendment to Credit Agreement, dated March 29, 2024, by and among Quest Resource Holding Corporation, Quest Resource Management Group, LLC and each of its Affiliates that are or may from time to time become parties thereto, the financial institutions that are or may from time to time become parties thereto, and Monroe Capital Management Advisors, LLC, as administrative agent for the lenders. 10.2 Fourth Amendment to Loan, Security and Guaranty Agreement, dated as of March 29, 2024, by and among PNC Bank, National Association, Quest Resource Management Group, LLC, Landfill Diversion Innovations, L.L.C., Quest Resource Holding Corporation, Quest Sustainability Services, Inc., Youchange, Inc., Quest Vertigent Corporation, Quest Vertigent One, LLC and Global Alerts, LLC. 10.3 Second Amendment to Intercreditor Agreement, dated as of March 29, 2024, by and between PNC Bank, National Association and Monroe Capital Management Advisors, LLC. 99.1 Press Release dated April 1, 2024. 104 Cover Page Interactive Data (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. QUEST RESOURCE HOLDING CORPORATION Dated: April 2, 2024 By: /s/ S. Ray Hatch Name: S. Ray Hatch Title: President and Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR