secwatch.observer — SEC 8-K summary
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Issuer:     Nine Energy Service, Inc. (NINE)
CIK:        0001532286
Form:       8-K
Filed at:   2026-02-02T23:59:59+00:00
Accession:  0001213900-26-010501
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 1.01, 1.03, 2.03, 2.04, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1532286/000121390026010501/0001213900-26-010501-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1532286/000121390026010501/ea0274803-8k_nineenergy.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-010501

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