---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-121502"
form_type: "8-K"
ticker: "DWSN"
cik: "0000799165"
company_name: "DAWSON GEOPHYSICAL CO"
filed_at: "2021-10-01T23:59:59+00:00"
generated_at: "2026-06-29T00:12:29.853073+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Dawson Geophysical extends $15M credit facility maturity to Sept 2022, lowers tangible net worth covenant to $55M

## Summary
- Second Loan Modification with Dominion Bank extends revolving credit facility maturity from Sept 2021 to Sept 2022.
- Tangible net worth covenant reduced from $75M to $55M, measured quarterly.
- No amounts outstanding under the $15M facility as of Sept 30, 2021; availability based on eligible receivables and collateral deposit.
- Facility continues to be secured by accounts receivable and a $5M certificate of deposit.

## SEC filing metadata
- accession: 0001104659-21-121502
- form_type: 8-K
- ticker: DWSN
- cik: 0000799165
- company_name: DAWSON GEOPHYSICAL CO
- filed_at: 2021-10-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799165/000110465921121502/0001104659-21-121502-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799165/000110465921121502/tm2128929d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-121502
- JSON: https://secwatch.observer/filing/0001104659-21-121502.json
- Plain text: https://secwatch.observer/filing/0001104659-21-121502.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.