secwatch.observer — SEC 8-K summary
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Issuer:     Ranger Energy Services, Inc. (RNGR)
CIK:        0001699039
Form:       8-K
Filed at:   2021-09-29T23:59:59+00:00
Accession:  0001699039-21-000099
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ranger Energy gets bankruptcy court OK for Basic Energy asset purchase, secures $77.5M credit facility
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- Bankruptcy Court approved acquisition of Basic Energy's well servicing, fishing/rental, coiled tubing assets outside CA (excl. water logistics); close expected by Sept 2021.
- Entered $77.5M senior secured facility: $50M revolver, $12.5M M&E term loan, $15M term loan B, with Eclipse Business Capital.
- M&E term loan fully drawn to repay Wells Fargo and Encina debt; revolver partially drawn for repayment and fees.
- Interest rates: revolver LIBOR+5.00%, M&E term LIBOR+8.00%, term loan B LIBOR+12.00%; facility matures Sept 26, 2025.
- Amended LLC agreement to convert Ranger Energy Services units to uncertified form.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1699039/000169903921000099/0001699039-21-000099-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1699039/000169903921000099/rng-20210923.htm
  HTML page:      https://secwatch.observer/filing/0001699039-21-000099

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