---
schema_version: "secwatch.filing_event.v1"
accession: "0001084991-23-000007"
form_type: "8-K"
ticker: "NGS"
cik: "0001084991"
company_name: "NATURAL GAS SERVICES GROUP INC"
filed_at: "2023-01-23T23:59:59+00:00"
generated_at: "2026-06-20T11:29:56.286077+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# NGS increases credit facility to $50M from $30M, revises interest rate margins upward

## Summary
- Lender commitment raised from $30M to $50M under amendment with Texas Capital Bank.
- Applicable margin increased; base rate loans now 2.00%-2.50%, Term SOFR loans 3.00%-3.50% based on leverage.
- Initial pricing set at Level 1 (leverage <1.00x) with 2.00% Base Rate margin and 3.00% Term SOFR margin.
- Commitment fee remains 0.250% per annum.
- Guarantor NGSG Properties, LLC reaffirmed its guarantee and security interests.

## SEC filing metadata
- accession: 0001084991-23-000007
- form_type: 8-K
- ticker: NGS
- cik: 0001084991
- company_name: NATURAL GAS SERVICES GROUP INC
- filed_at: 2023-01-23T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1084991/000108499123000007/0001084991-23-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1084991/000108499123000007/ngs-20230118.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001084991-23-000007
- JSON: https://secwatch.observer/filing/0001084991-23-000007.json
- Plain text: https://secwatch.observer/filing/0001084991-23-000007.txt

## Key facts
- Debt Financings
  NATURAL GAS SERVICES GROUP INC amended credit facility of increase the lender commitment from $30 million to $50 million with Texas Capital Bank.
  - Instrument: credit facility
  - Principal: increase the lender commitment from $30 million to $50 million
  - 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 $30 million to $50 million, and (ii) revise the applicable margin definition used to calculate the interest rate charged on outstanding loan amounts, with the overall effect of increasing the interest rate on the credit facility.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1084991/000108499123000007/0001084991-23-000007-index.htm

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