Quest Resource (QRHC) Extends Debt Maturities Enhancing Financial Flexibility

Quest Resource Holding Corporation (NASDAQ: QRHC) (“Quest” or the “Company”), a national leader in environmental waste and recycling services, today announced that it has extended the maturity dates for its existing credit facilities held by Monroe Capital Management Advisors, LLC and PNC Bank, NA.

The Monroe Credit Agreement maturity date has been extended to October 19, 2026, among other changes, and the PNC Credit Agreement’s maturity date has been extended to April 19, 2026. In addition, the PNC Credit Agreement has been amended to upsize the Revolving Credit Commitments (as defined in the PNC Loan Agreement), to adjust the interest rate, and to provide for an equipment term loan of up to $5 million, among other changes.

S. Ray Hatch, President and Chief Executive Officer of Quest, said, “Extending our debt maturities meaningfully increases our financial flexibility, and I am grateful for the support and engagement of our lenders. It is a testament to their belief in Quest and to the strength of our core business and ongoing improvements we are making.”

Daniel Friedberg, Quest’s Chairman of the Board, added, “On our most recent earnings call, we announced that our Board of Directors and management team formed a committee that, with the assistance of an independent financial advisor, will evaluate alternative long-term debt structures to lower our cost of capital and support future growth. The successful execution of this debt extension is an important first step in the committee’s efforts as we continue to position the Company for ongoing success.”

Additional information regarding the amended credit agreements will be filed with the U.S. Securities and Exchange Commission.

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