Target Hospitality (TH) Reiterates Strong Capital Structure and Operational Flexibility

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Target Hospitality Reiterates Strong Capital Structure and Operational Flexibility

March 10, 2020 3:37 PM EDT

THE WOODLANDS, Texas--(BUSINESS WIRE)-- Target Hospitality Corp. (Target Hospitality, Target or the Company) (NASDAQ: TH), the largest provider of vertically-integrated specialty hospitality accommodations with premium catering and value-added hospitality services in the U.S., today provided that Target has significant flexibility to quickly adapt operationally to changing market conditions in order to maintain its strong capital structure and cash flow generating capabilities.

In addition to our strong balance sheet, we have significant cash flow generating capabilities that will serve to further enhance our already solid financial position. Further, our highly discretionary capital expenditures and... More