NATURAL GAS SERVICES GROUP INC (NGS): debt financing — NGS expands credit facility to $400M with improved terms, interest rate cut

NATURAL GAS SERVICES GROUP INC

Total commitments raised from $300M to $400M; accordion feature increased to $100M (max $500M).
Interest rate reduced by 50-75 bps at comparable leverage levels; more flexible leverage covenant from mid-2026.
Funds to support growth in large horsepower and electric drive rental compression in Permian Basin.
Amendment effective April 18, 2025; Texas Capital Bank remains administrative agent.

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 0.9

NATURAL GAS SERVICES GROUP INC amended credit facility of $300 million to $400 million with Texas Capital Bank.

Instrument: credit facility
Principal: $300 million to $400 million
Counterparty: Texas Capital Bank
Event: amendment

Exact text from the filing

The Fourth Amendment increased the commitment to our existing credit facility with the lenders from $300 million to $400 million.

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Source: SEC EDGAR

accession 0001084991-25-000044

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