---
schema_version: "secwatch.filing_event.v1"
accession: "0001699039-23-000070"
form_type: "8-K"
ticker: "RNGR"
cik: "0001699039"
company_name: "Ranger Energy Services, Inc."
filed_at: "2023-05-31T23:59:59+00:00"
generated_at: "2026-06-14T10:37:19.643064+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Ranger Energy closes $75M ABL facility with Wells Fargo; accordion up to $150M

## Summary
- New ABL provides $75M committed liquidity, expandable to $150M via accordion.
- Five-year term consolidates all existing debt, simplifying structure and reducing cost of capital.
- Tiered pricing based on SOFR with improved economic terms versus prior financings.
- Standard fixed charge coverage ratio covenants apply.
- CEO notes strengthened balance sheet after 2021 acquisitions; flexibility to grow.

## SEC filing metadata
- accession: 0001699039-23-000070
- form_type: 8-K
- ticker: RNGR
- cik: 0001699039
- company_name: Ranger Energy Services, Inc.
- filed_at: 2023-05-31T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1699039/000169903923000070/0001699039-23-000070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1699039/000169903923000070/rng-20230531.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001699039-23-000070
- JSON: https://secwatch.observer/filing/0001699039-23-000070.json
- Plain text: https://secwatch.observer/filing/0001699039-23-000070.txt

## Key facts
- Debt Financings
  Ranger Energy Services, Inc. incurred credit facility with Wells Fargo Bank, N.A.
  - Instrument: credit facility
  - Counterparty: Wells Fargo Bank, N.A
  - Event: incurrence
  source text: On May 31, 2023, Ranger Energy Services, Inc. entered into a new asset backed lending facility (“ABL”) with Wells Fargo Bank, N.A, as administrative agent and sole lender.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1699039/000169903923000070/0001699039-23-000070-index.htm
- Material Agreements
  Ranger Energy Services, Inc. entered into Asset Backed Lending Facility (ABL) with Wells Fargo Bank, N.A. valued at new asset backed lending facility (effective 2023-05-31).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, N.A.
  - Value: new asset backed lending facility
  - Effective: 2023-05-31
  source text: On May 31, 2023, Ranger Energy Services, Inc. entered into a new asset backed lending facility (“ABL”) with Wells Fargo Bank, N.A, as administrative agent and sole lender.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1699039/000169903923000070/0001699039-23-000070-index.htm

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