secwatch.observer — SEC 8-K summary
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Issuer:     DAWSON GEOPHYSICAL CO (DWSN)
CIK:        0000799165
Form:       8-K
Filed at:   2025-11-06T23:59:59+00:00
Accession:  0001104659-25-107773
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dawson Geophysical enters $5M secured revolver at 13% interest; related-party lender
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- Revolving credit facility of up to $5,035,032 at 13% annual interest; 36 monthly principal payments of $139,862 starting Dec 20, 2025.
- Matures November 20, 2028; collateral includes vibrator energy source vehicles under a security agreement.
- Lender Equify Financial is controlled by Dan Wilks and Farris Wilks, who also control Dawson; transaction approved by Audit Committee.
- Borrowers may prepay up to 75% of outstanding principal without a prepayment fee; remaining 25% subject to 1% premium.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799165/000110465925107773/0001104659-25-107773-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799165/000110465925107773/dwsn-20251031x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-107773

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