8-K
filed February 2, 2026, 6:59 PM ET
ticker NINE
CIK 0001532286
other material
confidence high
sentiment negative
materiality 0.90
Nine Energy Service, Inc. (NINE): going-concern / distress — 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.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Nine Energy Service, Inc. faced acceleration on credit facility.
- Instrument
- credit facility
- Event
- acceleration
Exact text from the filing
the filing of the Chapter 11 Cases described above in Item 1.03 of this Report constituted an event of default that accelerated the Company Parties’ respective obligations under the Indenture, dated as of January 30, 2023, by and among the Company, the guarantors party thereto and U.S. Bank Trust Company, National Association, as trustee and as notes collateral agent, which governs the Senior Secured Notes, and the Prepetition ABL Loan and Security Agreement (together, the “Debt Instruments”).
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.7
Nine Energy Service, Inc. incurred credit facility of up to $135 million.
- Instrument
- credit facility
- Principal
- up to $135 million
- Event
- incurrence
Exact text from the filing
Support Agreement (as defined below) set forth in Item 1.03 of this Current Report on Form 8-K (this “Report”) is incorporated into this Item 1.01 by reference. to $135 million (the “Exit ABL Facility”). The terms of the Exit ABL Facility are expected to be consistent with the Exit ABL Term Sheet attached to the Restructuring Support Agreement as
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Nine Energy Service, Inc. faced acceleration on senior notes with U.S. Bank Trust Company, National Association.
- Instrument
- senior notes
- Counterparty
- U.S. Bank Trust Company, National Association
- Event
- acceleration
Exact text from the filing
the filing of the Chapter 11 Cases described above in Item 1.03 of this Report constituted an event of default that accelerated the Company Parties’ respective obligations under the Indenture, dated as of January 30, 2023, by and among the Company, the guarantors party thereto and U.S. Bank Trust Company, National Association, as trustee and as notes collateral agent, which governs the Senior Secured Notes, and the Prepetition ABL Loan and Security Agreement (together, the “Debt Instruments”).
View on SEC.gov
Distress & Bankruptcy
SEC 8-K Item 1.03
confidence 0.9
Nine Energy Service, Inc. entered chapter 11 in United States Bankruptcy Court for the Southern District of Texas (petition 2026-02-01).
- Proceeding
- chapter 11
- Court
- United States Bankruptcy Court for the Southern District of Texas
- Petition
- 2026-02-01
Exact text from the filing
On February 1, 2026 (the “Petition Date”), Nine Energy Service, Inc. (the “Company”) and certain of its subsidiaries
View on SEC.gov
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