debt
confidence high
sentiment positive
materiality 0.65
NGS expands credit facility from $225M to $300M, adds new lender
NATURAL GAS SERVICES GROUP INC
- Committed borrowing capacity increased by $75M to $300M via Second Amendment on June 6, 2024.
- Zions Bancorporation (Amegy Bank) added as a new lender; existing led by Texas Capital Bank.
- Leverage ratio covenant revised as part of the amendment; terms qualified by filed exhibits.
- Additional capital intended to fund growth in NGS's rental equipment fleet per CEO Justin Jacobs.