--- schema_version: "secwatch.filing_event.v1" accession: "0001104659-23-083246" form_type: "8-K" ticker: null cik: "0001136294" company_name: "NOS4-1, Inc." filed_at: "2023-07-24T23:59:59+00:00" generated_at: "2026-06-13T04:02:23.146615+00:00" event_type: "other_material" sentiment: "negative" materiality_score: 0.95 calibrated_materiality_score: 0.95 confidence: "high" source: SEC EDGAR --- # Williams Industrial Services Group files Chapter 11 bankruptcy, agrees to sell assets to EnergySolutions for $60 million ## Summary - Company and 12 subsidiaries filed Chapter 11 petitions in Delaware on July 22, 2023. - Entered stalking horse asset purchase agreement to sell substantially all assets to EnergySolutions for $60M cash. - Secured commitments for $12M DIP revolving credit facility and $19.5M DIP term loan facility. - Filing triggered defaults on ~$52.1M in debt, including $15.7M revolver and $35.6M term loan. - Company expects NYSE American to delist common stock, causing potential complete loss for shareholders. ## SEC filing metadata - accession: 0001104659-23-083246 - form_type: 8-K - cik: 0001136294 - company_name: NOS4-1, Inc. - filed_at: 2023-07-24T23:59:59+00:00 - event_type: other_material - sentiment: negative - materiality_score: 0.95 - calibrated_materiality_score: 0.95 - confidence: high - sec_items: 1.01, 1.03, 2.03, 2.04, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1136294/000110465923083246/0001104659-23-083246-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1136294/000110465923083246/tm2321858d1_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001104659-23-083246 - JSON: https://secwatch.observer/filing/0001104659-23-083246.json - Plain text: https://secwatch.observer/filing/0001104659-23-083246.txt ## Key facts - Debt Financings NOS4-1, Inc. faced acceleration on loan of approximately $0.4 million with Wynnefield Partners Small Cap Value, LP. - Instrument: loan - Principal: approximately $0.4 million - Counterparty: Wynnefield Partners Small Cap Value, LP - Event: acceleration source text: Approximately $0.4 million under the Unsecured Promissory Note, dated as of January 9, 2023, by and among the Company, as borrower, certain of its subsidiaries, as guarantors under a separate Guaranty Agreement, and Wynnefield Partners Small Cap Value, LP. evidence_url: https://www.sec.gov/Archives/edgar/data/1136294/000110465923083246/0001104659-23-083246-index.htm - Debt Financings NOS4-1, Inc. faced acceleration on term loan of approximately $35.6 million with ECF Agent LLC. - Instrument: term loan - Principal: approximately $35.6 million - Counterparty: ECF Agent LLC - Event: acceleration source text: Approximately $35.6 million under the Term Loan, Guarantee and Security Agreement, dated as of December 16, 2020, by and among the Debtors, in their capacities as borrowers and/or guarantors, ECF Agent LLC, in its capacity as agent, and the financial institutions from time to time party thereto as lenders (as amended, restated, supplemented or otherwise modified). evidence_url: https://www.sec.gov/Archives/edgar/data/1136294/000110465923083246/0001104659-23-083246-index.htm - Debt Financings NOS4-1, Inc. faced acceleration on loan of approximately $0.4 million with Wynnefield Partners Small Cap Value, LP I. - Instrument: loan - Principal: approximately $0.4 million - Counterparty: Wynnefield Partners Small Cap Value, LP I - Event: acceleration source text: Approximately $0.4 million under the Unsecured Promissory Note, dated as of January 9, 2023, by and among the Company, as borrower, certain of its subsidiaries, as guarantors under a separate Guaranty Agreement, and Wynnefield Partners Small Cap Value, LP I. evidence_url: https://www.sec.gov/Archives/edgar/data/1136294/000110465923083246/0001104659-23-083246-index.htm - Debt Financings NOS4-1, Inc. faced acceleration on revolving credit of approximately $15.7 million with PNC Bank, National Association. - Instrument: revolving credit - Principal: approximately $15.7 million - Counterparty: PNC Bank, National Association - Event: acceleration source text: Approximately $15.7 million under the Revolving Credit and Security Agreement, dated as of December 16, 2020, by and among the Debtors, in their capacities as borrowers and/or guarantors, PNC Bank, National Association, in its capacity as administrative agent, and the financial institutions from time to time party thereto, as lenders (as amended, restated, supplemented or otherwise modified). evidence_url: https://www.sec.gov/Archives/edgar/data/1136294/000110465923083246/0001104659-23-083246-index.htm - Distress & Bankruptcy NOS4-1, Inc. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2023-07-22). - Proceeding: chapter 11 - Court: United States Bankruptcy Court for the District of Delaware - Petition: 2023-07-22 source text: On July 22, 2023, Williams Industrial Services Group Inc. (the “ Company ”) and its subsidiaries, Williams Industrial Services Group, L.L.C. (“ WISG ”), Williams Plant Services, LLC (“ WPS ”), Williams Specialty Services, LLC (“ WSS ”), Williams Industrial Services, LLC (“ WIS ”), WISG Electrical, LLC (“ WISG Electrical ”), Construction & Maintenance Professionals, LLC (“ CMP ”), Williams Global Services, Inc., Steam Enterprises, LLC, GPEG, LLC, Global Power Professional Services Inc., WISG Canada Ltd., WISG Nuclear Ltd. and WISG Electrical Ltd. (collectively with the Company, the “ Debtors ”), filed voluntary petitions (the “ Bankruptcy Petitions ”) under Chapter 11 of the United States Bankruptcy Code (the “ Bankruptcy Code ”) in the United States Bankruptcy Court for the District of Delaware evidence_url: https://www.sec.gov/Archives/edgar/data/1136294/000110465923083246/0001104659-23-083246-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.