Nine Energy files Chapter 11; $125M DIP financing, common stock canceled for no value

Nine Energy Service, Inc.

Plan cancels all common stock for no consideration; holders of 13% Senior Secured Notes get 100% of new equity.
DIP ABL facility up to $125M, to convert into $135M Exit ABL on effective date of the Plan.
Restructuring Support Agreement with ad hoc group of noteholders and prepetition ABL lenders backing the Plan.
Company expects to emerge within 45 days; confirmation hearing by March 16, 2026, effective date by March 31, 2026.
Chapter 11 filing accelerated debt obligations but enforcement is stayed under the Bankruptcy Code.

item 1.01 item 1.03 item 2.03 item 2.04 item 7.01 item 8.01 item 9.01

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accession 0001213900-26-010501

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