---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-009907"
form_type: "8-K"
ticker: "NINE"
cik: "0001532286"
company_name: "Nine Energy Service, Inc."
filed_at: "2023-01-18T23:59:59+00:00"
generated_at: "2026-06-20T14:00:39.193555+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Nine Energy amends ABL facility: size cut to $150M, maturity extended, SOFR replaces LIBOR

## Summary
- ABL facility size reduced from $200M to $150M; maturity extended to fourth anniversary of effective date (approx. 2027).
- Interest rate benchmark changes from LIBOR to Term SOFR plus 10 bps; pricing range increases to 2.00%-2.50%.
- Amendment contingent on consummation of 300,000 units offering: $1,000 principal senior secured notes + 5 common shares each.
- Goldman Sachs Bank USA exits as lender; JPMorgan remains administrative agent.
- Financial covenant triggers: min availability $12.5M initially, then greater of $17.5M or 12.5% of loan limit.

## SEC filing metadata
- accession: 0001193125-23-009907
- form_type: 8-K
- ticker: NINE
- cik: 0001532286
- company_name: Nine Energy Service, Inc.
- filed_at: 2023-01-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1532286/000119312523009907/0001193125-23-009907-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1532286/000119312523009907/d448839d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-009907
- JSON: https://secwatch.observer/filing/0001193125-23-009907.json
- Plain text: https://secwatch.observer/filing/0001193125-23-009907.txt

## Key facts
- Material Agreements
  Nine Energy Service, Inc. amended First Amendment to Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the lender parties thereto (effective 2023-01-17).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent, and the lender parties thereto
  - Effective: 2023-01-17
  source text: On January 17, 2023, Nine Energy Service, Inc. (the “Company”) and certain of its subsidiaries entered into the First Amendment to Credit Agreement (the “ABL Facility Amendment”) with JPMorgan Chase Bank, N.A., as administrative agent (the “Administrative Agent”), and the lender parties thereto (the “Lenders”), which amends certain terms of the Credit Agreement, dated as of October 25, 2018
  evidence_url: https://www.sec.gov/Archives/edgar/data/1532286/000119312523009907/0001193125-23-009907-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.