---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-105845"
form_type: "8-K"
ticker: "DWSN"
cik: "0000799165"
company_name: "DAWSON GEOPHYSICAL CO"
filed_at: "2022-10-04T23:59:59+00:00"
generated_at: "2026-06-23T05:45:04.737895+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Dawson Geophysical amends credit facility: maturity extended to Sep 2023, commitment reduced to $10M

## Summary
- Maturity of revolving credit facility extended from Sept 30, 2022 to Sept 30, 2023 via Third Loan Modification Agreement.
- Lender commitment reduced from $15M to $10M; outstanding balance as of Sept 30, 2022 was $0.
- Interest rate changed: from 6.00% to 7.75% after Sept 29, 2022; floor from 3.50% to 4.75% after Sept 29, 2022.
- New tangible net worth covenant of $38M and minimum liquidity requirement of $5M added.
- Credit facility continues to be secured by accounts receivable and a $5M certificate of deposit.

## SEC filing metadata
- accession: 0001104659-22-105845
- form_type: 8-K
- ticker: DWSN
- cik: 0000799165
- company_name: DAWSON GEOPHYSICAL CO
- filed_at: 2022-10-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799165/000110465922105845/0001104659-22-105845-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799165/000110465922105845/tm2227308d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-105845
- JSON: https://secwatch.observer/filing/0001104659-22-105845.json
- Plain text: https://secwatch.observer/filing/0001104659-22-105845.txt

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