secwatch.observer — SEC 8-K summary
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Issuer:     NATURAL GAS SERVICES GROUP INC (NGS)
CIK:        0001084991
Form:       8-K
Filed at:   2023-01-23T23:59:59+00:00
Accession:  0001084991-23-000007
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1084991/000108499123000007/0001084991-23-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1084991/000108499123000007/ngs-20230118.htm
  HTML page:      https://secwatch.observer/filing/0001084991-23-000007

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