secwatch.observer — SEC 8-K summary
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Issuer:     NCS Multistage Holdings, Inc. (NCSM)
CIK:        0001692427
Form:       8-K
Filed at:   2022-05-06T23:59:59+00:00
Accession:  0001692427-22-000014
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692427/000169242722000014/0001692427-22-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692427/000169242722000014/ncsm-20220503x8k.htm
  HTML page:      https://secwatch.observer/filing/0001692427-22-000014

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