secwatch.observer — SEC 8-K summary
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Issuer:     NATURAL GAS SERVICES GROUP INC (NGS)
CIK:        0001084991
Form:       8-K
Filed at:   2022-12-15T23:59:59+00:00
Accession:  0001084991-22-000128
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1084991/000108499122000128/0001084991-22-000128-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1084991/000108499122000128/ngs-20221212.htm
  HTML page:      https://secwatch.observer/filing/0001084991-22-000128

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