---
schema_version: "secwatch.filing_event.v1"
accession: "0001084991-22-000128"
form_type: "8-K"
ticker: "NGS"
cik: "0001084991"
company_name: "NATURAL GAS SERVICES GROUP INC"
filed_at: "2022-12-15T23:59:59+00:00"
generated_at: "2026-06-21T03:54:18.397374+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# NGS increases credit facility from $20M to $30M, transitions to Term SOFR

## Summary
- Credit line raised from $20M to $30M via First Amendment dated Dec 12, 2022.
- Interest rate benchmark changed from LIBOR to Term SOFR on all new and existing loans.
- NGS pays $30,000 amendment fee plus reimbursement of administrative agent expenses.
- Loan parties reaffirm all obligations, guarantees, and security interests remain in full force.
- Existing Eurodollar Rate Loans converted to Term SOFR Loans on the effective date.

## SEC filing metadata
- accession: 0001084991-22-000128
- form_type: 8-K
- ticker: NGS
- cik: 0001084991
- company_name: NATURAL GAS SERVICES GROUP INC
- filed_at: 2022-12-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1084991/000108499122000128/0001084991-22-000128-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1084991/000108499122000128/ngs-20221212.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001084991-22-000128
- JSON: https://secwatch.observer/filing/0001084991-22-000128.json
- Plain text: https://secwatch.observer/filing/0001084991-22-000128.txt

## Key facts
- Debt Financings
  NATURAL GAS SERVICES GROUP INC amended credit facility with Texas Capital Bank.
  - Instrument: credit facility
  - Counterparty: Texas Capital Bank
  - Event: amendment
  source text: the Amendment amends certain provisions under our existing credit facility with the Lender, primarily to (i) increase the lender commitment from $20 million to $30 million, and (ii) transition certain reference rates at which loans made pursuant to the credit facility accrue interest from LIBOR to Term SOFR (based on the Secured Overnight Financing Rate as administered by the Federal Reserve Bank of New York.)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1084991/000108499122000128/0001084991-22-000128-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.