NOW Inc. amends credit facility: $500M revolver extended to Dec 2026, accordion to $750M

DNOW Inc.

Extended maturity of senior secured credit facility to December 14, 2026, with a $500 million global revolving credit facility.
Potential to increase facility to $750 million through accordion feature.
Expanded borrowing base to include pledged cash deposits, increasing availability.
Interest rate reduced by 0.250% when Fixed Charge Coverage Ratio ≤ 1.50x.
CEO cites cost savings, record cash levels from working capital, and debt-free balance sheet.

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