Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
EXPRO GROUP HOLDINGS N.V. amended revolving credit of $250,000,000 with DNB Bank ASA, London Branch, as agent, and other financial institutions as lenders at Term SOFR (subject to a 0.00% floor) plus an applicable margin of 3.75% maturing extend the maturity ... for a further 36 months.
- Instrument
- revolving credit
- Principal
- $250,000,000
- Counterparty
- DNB Bank ASA, London Branch, as agent, and other financial institutions as lenders
- Rate
- Term SOFR (subject to a 0.00% floor) plus an applicable margin of 3.75%
- Maturity
- extend the maturity ... for a further 36 months
- Event
- amendment
Exact text from the filing
in order to, among other things, (i) extend the maturity of the Facility Agreement for a further 36 months, (ii) increase the Total Commitments under the Facility Agreement to $250,000,000, (iii) amend the pricing of the facility and (iv) make a number of updates to the terms and conditions
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
EXPRO GROUP HOLDINGS N.V. amended Amended and Restated Facility Agreement with DNB Bank ASA, London Branch, as agent, and other financial institutions as lenders valued at Increased Total Commitments to $250,000,000; ability to increase to $350,000,000; Term SOFR + 3.75% (effective 2023-10-06).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- DNB Bank ASA, London Branch, as agent, and other financial institutions as lenders
- Value
- Increased Total Commitments to $250,000,000; ability to increase to $350,000,000; Term SOFR + 3.75%
- Effective
- 2023-10-06
Exact text from the filing
On October 6, 2023, the Company and certain of its subsidiaries, including Exploration and Production Services (Holdings) Limited and Expro Holdings US Inc., as borrowers, amended and restated the Facility Agreement (the “ Amended and Restated Facility Agreement ”) pursuant to an amendment and restatement agreement by and among, inter alios , DNB Bank ASA, London Branch, as agent, and other financial institutions as lenders, in order to, among other things, (i) extend the maturity of the Facility Agreement for a further 36 months, (ii) increase the Total Commitments under the Facility Agreement to $250,000,000, (iii) amend the pricing of the facility and (iv) make a number of updates to the terms and conditions of the facility, reflective of the Company’s increased scale and improved financial profile.
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