Smart Sand expands credit facility by $20M to $50M, extends maturity to 2031

Smart Sand, Inc.

Amendment No. 2 increases revolving commitments from $30M to $50M; term extended to September 1, 2031.
$20M sublimit based on Oakdale, Wisconsin facility value; negative pledge on Oakdale real property added.
$20M deduction for unfinanced capital expenditures added to fixed charge coverage ratio calculation.
Amendment fee of $150,000 paid to First-Citizens Bank & Trust Company, agent and sole lender.
Borrowers must maintain at least $20M excess availability after giving effect to the amendment.

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