Shoals Tech Streamlines Collateral Perfection Process with JPMorgan

Shoals Technologies Group has simplified its collateral perfection process for certain cash and securities accounts. To achieve this, the company amended its Credit Agreement with JPMorgan Chase Bank to eliminate the need for separate control agreements.

Under the updated agreement, maintaining deposit, securities, and commodity accounts at JPMorgan Chase Bank will be sufficient to establish control, streamlining documentation and reducing administrative overhead.

The amendment is expected to improve operational flexibility for Shoals Technologies Group. The update was made on August 28, 2026, with no specified duration or termination date mentioned in the agreement details.