OIL STATES INTERNATIONAL, INC (OIS): debt financing — Oil States replaces $125M asset-based revolver with $125M cash-flow credit facility maturing 2030

OIL STATES INTERNATIONAL, INC

New $125M facility: $75M revolver (incl. $40M LC sub-limit) plus $50M multi-draw term loan; available to draw through July 28, 2026, maturing Jan 28, 2030.
Interest at Term SOFR + 2.50%-3.50% or base rate + 1.50%-2.50%; commitment fee 0.375%-0.500% on unused commitments.
Covenants: interest coverage ≥3.00x, total net leverage ≤2.50x (3.25x in certain periods), senior secured net leverage ≤2.00x.
In Q4 2025, bought $50M of 4.75% convertible notes due 2026; $53M remain. Cash on-hand $70M at Dec 31, 2025; no borrowings under new facility at Jan 28, 2026.
Company plans to extinguish remaining 2026 notes with cash and/or borrowings under the new facility.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

OIL STATES INTERNATIONAL, INC incurred credit facility of $125.0 million with Wells Fargo Bank, National Association at Term SOFR plus a margin of 2.50% to 3.50% maturing January 28, 2030.

Instrument: credit facility
Principal: $125.0 million
Counterparty: Wells Fargo Bank, National Association
Rate: Term SOFR plus a margin of 2.50% to 3.50%
Maturity: January 28, 2030
Event: incurrence

Exact text from the filing

agent and the lenders and other financial institutions from time to time party thereto. The Cash Flow Credit Agreement provides for credit facilities with total commitments of $125.0 million, consisting of a $75.0 million revolving credit facility including a $40.0 million sub-limit for the issuance of letters of credit (the “ Revolving Credit Facility”) and a $50.0

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

OIL STATES INTERNATIONAL, INC amended Cash Flow Credit Agreement with Wells Fargo Bank, National Association valued at $125.0 million (effective 2026-01-28).

Action: amendment
Agreement: credit facility
Counterparty: Wells Fargo Bank, National Association
Value: $125.0 million
Effective: 2026-01-28

Exact text from the filing

On January 28, 2026 , Oil States International, Inc. (the “Company”) entered into an amended and restated credit agreement (the “Cash Flow Credit Agreement”) among the Company, Wells Fargo Bank, National Association as administrative agent and the lenders and other financial institutions from time to time party thereto.

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OIL STATES INTERNATIONAL, INC filing history →

Source: SEC EDGAR

accession 0001121484-26-000002

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