---
schema_version: "secwatch.filing_event.v1"
accession: "0001529628-24-000167"
form_type: "8-K"
ticker: "SND"
cik: "0001529628"
company_name: "Smart Sand, Inc."
filed_at: "2024-09-09T23:59:59+00:00"
generated_at: "2026-05-31T05:53:55.644245+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Smart Sand enters $30M ABL credit facility, replacing prior $20M facility maturing Dec 2024

## Summary
- New $30M senior secured asset-based revolver with First-Citizens Bank; $1M drawn at closing, $29M available.
- Replaces existing $20M Jefferies Finance facility set to mature December 13, 2024.
- Interest rate: SOFR plus 2.75% margin; 5-year term, non-amortizing.
- Fixed charge coverage ratio covenant of 1.1:1 applies in limited circumstances.
- Borrowing base based on eligible inventory & accounts receivable; excludes real estate and sand reserves from collateral.

## SEC filing metadata
- accession: 0001529628-24-000167
- form_type: 8-K
- ticker: SND
- cik: 0001529628
- company_name: Smart Sand, Inc.
- filed_at: 2024-09-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1529628/000152962824000167/0001529628-24-000167-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1529628/000152962824000167/snd-20240903.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001529628-24-000167
- JSON: https://secwatch.observer/filing/0001529628-24-000167.json
- Plain text: https://secwatch.observer/filing/0001529628-24-000167.txt

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