---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-043590"
form_type: "8-K"
ticker: null
cik: "0001136294"
company_name: "NOS4-1, Inc."
filed_at: "2023-04-10T23:59:59+00:00"
generated_at: "2026-06-17T03:59:30.719809+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Williams Industrial amends credit agreements, raising interest and adding $600K exit fee

## Summary
- Term Loan Amendment increases additional interest from 50% to 60% of delayed draw term loans on prepayment or maturity.
- Revolving Credit Fee Letter with PNC Bank adds $600,000 exit fee payable upon loan prepayment or maturity.
- Both amendments effective April 4, 2023; details to be filed in future periodic report.

## SEC filing metadata
- accession: 0001104659-23-043590
- form_type: 8-K
- cik: 0001136294
- company_name: NOS4-1, Inc.
- filed_at: 2023-04-10T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1136294/000110465923043590/0001104659-23-043590-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1136294/000110465923043590/tm2312120d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-043590
- JSON: https://secwatch.observer/filing/0001104659-23-043590.json
- Plain text: https://secwatch.observer/filing/0001104659-23-043590.txt

## Key facts
- Debt Financings
  NOS4-1, Inc. amended term loan with EICF Agent LLC.
  - Instrument: term loan
  - Counterparty: EICF Agent LLC
  - Event: amendment
  source text: increased the amount of certain additional interest to be paid by the Company upon the earlier to occur of certain stated events, including a prepayment or maturity of the loan obligations under the Term Loan Agreement, from 50% to 60%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1136294/000110465923043590/0001104659-23-043590-index.htm
- Debt Financings
  NOS4-1, Inc. amended revolving credit with PNC Bank, National Association.
  - Instrument: revolving credit
  - Counterparty: PNC Bank, National Association
  - Event: amendment
  source text: the Company agreed to pay PNC an additional exit fee of $600,000, to be paid upon the earlier to occur of certain stated events, including a prepayment or maturity of the loan obligations under the Revolving Credit Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1136294/000110465923043590/0001104659-23-043590-index.htm
- Material Agreements
  NOS4-1, Inc. amended Term Loan Amendment with EICF Agent LLC (effective 2023-04-04).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: EICF Agent LLC
  - Effective: 2023-04-04
  source text: On April 4, 2023, Williams Industrial Services Group Inc. (the “ Company ”) entered into the fifth amendment (the “ Term Loan Amendment ”) to its Term Loan, Guarantee and Security Agreement, dated December 16, 2020, by and among the Company and certain of its subsidiaries as borrowers or guarantors, EICF Agent LLC, as agent for the lenders, and the lenders party thereto (as amended, the “ Term Loan Agreement ”), which increased the amount of certain additional interest to be paid by the Company upon the earlier to occur of certain stated events, including a prepayment or maturity of the loan obligations under the Term Loan Agreement, from 50% to 60% of the aggregate amount of all delayed draw term loans made under the Term Loan Agreement as of such date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1136294/000110465923043590/0001104659-23-043590-index.htm
- Material Agreements
  NOS4-1, Inc. entered into Revolving Credit Fee Letter with PNC Bank, National Association valued at $600,000 (effective 2023-04-04).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: PNC Bank, National Association
  - Value: $600,000
  - Effective: 2023-04-04
  source text: In addition, on April 4, 2023, the Company entered into a fee letter (the “ Revolving Credit Fee Letter ”) with PNC Bank, National Association (“ PNC ”), relating to the Revolving Credit and Security Agreement, dated December 16, 2020, by and among the Company and certain of its subsidiaries as borrowers or guarantors, PNC, as agent for the lenders, and the lenders party thereto (as amended, the “ Revolving Credit Agreement ”), pursuant to which the Company agreed to pay PNC an additional exit fee of $600,000, to be paid upon the earlier to occur of certain stated events, including a prepayment or maturity of the loan obligations under the Revolving Credit Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1136294/000110465923043590/0001104659-23-043590-index.htm

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