secwatch.observer — SEC 8-K summary
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Issuer:     Nine Energy Service, Inc. (NINE)
CIK:        0001532286
Form:       8-K
Filed at:   2023-01-24T23:59:59+00:00
Accession:  0001193125-23-014255
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nine Energy to issue 300,000 units of 13% senior notes + stock; net ~$271.2M to refinance 8.75% notes
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- Offering of 300,000 units, each with $1,000 principal of 13.000% Senior Secured Notes due 2028 and 5 common shares.
- Net proceeds of approximately $271.2 million after underwriting discounts and expenses.
- Proceeds, together with credit facility borrowings and cash, to redeem all outstanding 8.750% Senior Notes due 2023.
- Closing expected January 30, 2023; 45-day lock-up on similar debt offerings without J.P. Morgan consent.
- J.P. Morgan Securities LLC leads underwriters; certain affiliates may hold the 2023 Senior Notes and receive part of proceeds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1532286/000119312523014255/0001193125-23-014255-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1532286/000119312523014255/d395891d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-014255

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