---
schema_version: "secwatch.filing_event.v1"
accession: "0001436126-24-000013"
form_type: "8-K"
ticker: "MG"
cik: "0001436126"
company_name: "Mistras Group, Inc."
filed_at: "2024-03-01T23:59:59+00:00"
generated_at: "2026-06-05T05:25:25.300069+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Mistras Group amends credit agreement; raises EBITDA addback cap to $15M, eases coverage ratio temporarily

## Summary
- Amended credit agreement with JPMorgan allows $15M in non-recurring cash charges added back to EBITDA for 2023-2024 periods, up from $10M.
- Minimum Fixed Charge Coverage Ratio reduced to 1.10:1 for Q4 2023 and Q1 2024, then returns to 1.25:1 from Q2 2024 onward.
- Consent fee of 0.025% paid to lenders consenting to amendment, effective February 27, 2024.
- Amendment reaffirms existing liens and obligations; no defaults occurred as of effective date.

## SEC filing metadata
- accession: 0001436126-24-000013
- form_type: 8-K
- ticker: MG
- cik: 0001436126
- company_name: Mistras Group, Inc.
- filed_at: 2024-03-01T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1436126/000143612624000013/0001436126-24-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1436126/000143612624000013/mg-20240227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001436126-24-000013
- JSON: https://secwatch.observer/filing/0001436126-24-000013.json
- Plain text: https://secwatch.observer/filing/0001436126-24-000013.txt

## Key facts
- Material Agreements
  Mistras Group, Inc. amended First Amendment with JPMorgan Chase Bank N.A. valued at $10 million to $15 million (effective 2024-02-27).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank N.A.
  - Value: $10 million to $15 million
  - Effective: 2024-02-27
  source text: On February 27, 2024, Mistras Group, Inc. entered into the First Amendment (the “Amendment”) to its existing Credit Agreement (the “Credit Agreement”), dated August 1, 2022, with JPMorgan Chase Bank N.A., as administrative agent for the lenders and a lender and the other lenders under the Credit Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1436126/000143612624000013/0001436126-24-000013-index.htm

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