NCS Multistage enters $35M ABL credit facility, terminates prior Wells Fargo facility

NCS Multistage Holdings, Inc.

Revolver up to $35M; borrowing base was $19.7M at inception; matures May 3, 2027.
Secured by substantially all assets (excluding Repeat Precision); guarantees from US/Canadian subsidiaries.
Interest margins vary: ABR-based loans +1.40-2.40%; SOFR/CDOR-based +2.40-3.40%; commitment fee 0.25-0.50%.
Prior $35M Wells Fargo credit facility terminated concurrently with this new facility.
Covenants include fixed charge coverage ratio ≥1.0x if liquidity <20% of commitments.

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