secwatch.observer — SEC 8-K summary
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Issuer:     Aris Water Solutions, Inc. (—)
CIK:        0001865187
Form:       8-K
Filed at:   2023-10-12T23:59:59+00:00
Accession:  0001140361-23-048054
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aris Water subsidiary enters $350M senior secured revolver; maturity Oct 2027
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- Solaris Midstream Holdings (Aris unit) signed $350M four-year revolver, amend/restate prior 2021 facility.
- Facility can be increased by up to $150M under certain conditions; proceeds for general corporate purposes.
- Interest: SOFR +2.75%-3.75% or ABR +1.75%-2.75%, based on total leverage ratio.
- Financial covenants: total net leverage ≤4.50x, senior net leverage ≤2.50x, interest coverage ≥2.50x.
- Obligations secured by substantially all assets of Solaris and subsidiary guarantors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865187/000114036123048054/0001140361-23-048054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865187/000114036123048054/ef20012425_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-048054

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