TARGET HOSPIT. A DL-,0001 Aktie

Target Hospitality announced the completion of a secondary placement of 16,100,000 common shares at USD 18.50 per share, of which 14,000,000 were sold by Arrow Holdings S.à r.l. and MFA Global S.à r.l. and 2,100,000 resulted from the exercise of the overallotment option. The company received no proceeds from the placement, but purchased 1,693,599 shares from the syndicate banks at the placement price and holds them as treasury shares. The repurchase was financed with cash and by utilising the ABL credit facility; Morgan Stanley, Deutsche Bank and J.P. Morgan acted as book‑running managers. » Más en de.investing.com

Target Hospitality shares fell about 7.9% in premarket trading after the price was announced for an upsized, guaranteed secondary placement of 14,000,000 common shares at $18.50 per share. Sellers are Arrow Holdings S.à r.l. and MFA Global S.à r.l., controlled by TDR Capital; gross proceeds before discounts and commissions amount to roughly $259 million. Target Hospitality will not receive any proceeds from the placement, but has committed to repurchase about $30 million worth of shares at the same price and hold them as treasury stock. The placement is expected to close by September 10, 2026; the banks were granted a 30-day option on up to 2,100,000 additional shares. » Más en de.investing.com

Target Hospitality signed a multi-year lease and service agreement with one of the five largest hyperscalers to support a data center in Pecos, West Texas, expected to generate about USD 250 million in revenue through August 2030; initial occupancy is planned for Q3 2026 and existing unused facilities will be repurposed. The company will provide a turnkey community for roughly 1,100 people and will use modular housing and hospitality services. Management raised the midpoint of its 2026 guidance by 6% for revenue and 22% for adjusted EBITDA; since January 2026 WHS contracts totaling more than USD 1.7 billion have been signed and the pipeline includes over 20,000 beds, prompting a strong premarket rise in the stock. » Más en de.investing.com