NATURAL GAS SERVICES GROUP INC (NGS): debt financing — NGS increases revolving credit facility from $175M to $225M via amendment

NATURAL GAS SERVICES GROUP INC

Credit facility increased by $50M to $225M; First-Citizens Bank added as new lender.
Paid $562,500 in fees (1.125% of commitment increase) and reimbursed lender expenses.
Amendment dated Nov 14, 2023; includes Texas Capital Bank, Bank of America, Flagstar, and others.
Existing terms otherwise unchanged; no default or event of default represented.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

NATURAL GAS SERVICES GROUP INC amended credit facility of from $175 million to $225 million with Texas Capital Bank.

Instrument: credit facility
Principal: from $175 million to $225 million
Counterparty: Texas Capital Bank
Event: amendment

Exact text from the filing

On November 14, 2023, Natural Gas Services Group, Inc. and the guarantors from time to time party thereto entered into a First Amendment to Amended and Restated Credit Agreement (the "Amendment") with Texas Capital Bank, as administrative agent and the lenders thereto. The Amendment amends certain provisions under our existing credit facility with the lenders, primarily to (i) increase the lender commitment from $175 million to $225 million, and (ii) to add First-Citizens Bank & Trust Company as a new lender under the facility.

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Source: SEC EDGAR

accession 0001084991-23-000124

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