---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-028049"
form_type: "8-K"
ticker: "XPRO"
cik: "0001575828"
company_name: "EXPRO GROUP HOLDINGS N.V."
filed_at: "2023-10-11T23:59:59+00:00"
generated_at: "2026-06-10T01:39:56.502425+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Expro amends credit facility; commitments increased to $250M, maturity extended 36 months

## Summary
- Total commitments raised to $250M; can be increased to $350M; maturity extended by 36 months.
- Pricing: Term SOFR + 3.75% margin (subject to leverage-based ratchet); 0.40% fronting fee on LCs; utilization fee on cash borrowings.
- Financial covenants: minimum interest cover ratio of 4.0x, maximum total net leverage ratio of 2.5x, tested quarterly.
- On effective date, $50M existing loan repaid and new $50M loan drawn with 1-month interest period; HSBC to provide $20M ancillary facility.
- ESG-linked terms to be negotiated within 6 months, potentially adjusting margin based on KPIs.

## SEC filing metadata
- accession: 0001437749-23-028049
- form_type: 8-K
- ticker: XPRO
- cik: 0001575828
- company_name: EXPRO GROUP HOLDINGS N.V.
- filed_at: 2023-10-11T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1575828/000143774923028049/0001437749-23-028049-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1575828/000143774923028049/fi20230922_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-028049
- JSON: https://secwatch.observer/filing/0001437749-23-028049.json
- Plain text: https://secwatch.observer/filing/0001437749-23-028049.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1575828/000143774923028049/0001437749-23-028049-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1575828/000143774923028049/0001437749-23-028049-index.htm

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