secwatch.observer — SEC 8-K summary
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Issuer:     DAWSON GEOPHYSICAL CO (DWSN)
CIK:        0000799165
Form:       8-K
Filed at:   2021-10-01T23:59:59+00:00
Accession:  0001104659-21-121502
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799165/000110465921121502/0001104659-21-121502-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799165/000110465921121502/tm2128929d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-121502

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer