---
schema_version: "secwatch.filing_event.v1"
accession: "0001692427-22-000014"
form_type: "8-K"
ticker: "NCSM"
cik: "0001692427"
company_name: "NCS Multistage Holdings, Inc."
filed_at: "2022-05-06T23:59:59+00:00"
generated_at: "2026-06-25T23:02:57.834064+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001692427-22-000014
- form_type: 8-K
- ticker: NCSM
- cik: 0001692427
- company_name: NCS Multistage Holdings, Inc.
- filed_at: 2022-05-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692427/000169242722000014/0001692427-22-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692427/000169242722000014/ncsm-20220503x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001692427-22-000014
- JSON: https://secwatch.observer/filing/0001692427-22-000014.json
- Plain text: https://secwatch.observer/filing/0001692427-22-000014.txt

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