debt
confidence high
sentiment neutral
materiality 0.50
Natural Gas Services Group upsizes credit facility to $350M via third amendment
NATURAL GAS SERVICES GROUP INC
- Credit facility commitment increased from $300M to $350M effective June 25, 2024.
- Third Amendment executed with Texas Capital Bank (admin agent) and multiple lenders including Bank of America, Huntington, Zions/Amegy, First-Citizens, Webster, Caterpillar, Bank of Hope.
- Borrowers may request up to $50M additional increases (max three requests) subject to $350M cap.
- Company agrees to reimburse administrative agent's reasonable expenses including counsel fees.
- All existing guaranties, security interests, and loan obligations remain in full force and effect.