Natural Gas Services Group Enters Credit Agreement
Ticker: NGS · Form: 8-K · Filed: Jun 28, 2024 · CIK: 1084991
| Field | Detail |
|---|---|
| Company | Natural Gas Services Group INC (NGS) |
| Form Type | 8-K |
| Filed Date | Jun 28, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01, $300 million, $350 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: credit-agreement, debt-obligation
TL;DR
NGS enters new credit agreement, creating financial obligation.
AI Summary
On June 25, 2024, Natural Gas Services Group, Inc. entered into a material definitive agreement, specifically a credit agreement, which creates a direct financial obligation for the registrant. The company is incorporated in Colorado and its principal executive offices are located in Midland, TX.
Why It Matters
This filing indicates a new financial obligation for Natural Gas Services Group, Inc., which could impact its financial structure and future operations.
Risk Assessment
Risk Level: medium — Entering into new financial obligations can introduce financial risk and alter a company's debt structure.
Key Players & Entities
- NATURAL GAS SERVICES GROUP, INC. (company) — Registrant
- June 25, 2024 (date) — Date of Earliest Event Reported
- Colorado (jurisdiction) — State of Incorporation
- Midland, TX (location) — Principal Executive Offices
- 404 Veterans Airpark Lane, Suite 300 (address) — Principal Executive Offices Address
FAQ
What type of material definitive agreement did Natural Gas Services Group, Inc. enter into?
Natural Gas Services Group, Inc. entered into a credit agreement.
What is the date of the earliest event reported in this filing?
The date of the earliest event reported is June 25, 2024.
Where are the principal executive offices of Natural Gas Services Group, Inc. located?
The principal executive offices are located at 404 Veterans Airpark Lane, Suite 300, Midland, TX 79705.
Under which act is this Form 8-K filed?
This Form 8-K is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
What is the IRS Employer Identification Number for Natural Gas Services Group, Inc.?
The IRS Employer Identification Number for Natural Gas Services Group, Inc. is 75-2811855.
Filing Stats: 600 words · 2 min read · ~2 pages · Grade level 10.3 · Accepted 2024-06-28 06:27:15
Key Financial Figures
- $0.01 — ich registered Common Stock, Par Value $0.01 NGS NYSE Indicate by check mark wheth
- $300 million — g credit facility with the lenders from $300 million to $350 million. In connection with the
- $350 million — y with the lenders from $300 million to $350 million. In connection with the Third Amendment
Filing Documents
- ngs-20240625.htm (8-K) — 28KB
- exhibit101thirdamendment.htm (EX-10.1) — 20KB
- exhibit101thirdamendment001.jpg (GRAPHIC) — 230KB
- exhibit101thirdamendment002.jpg (GRAPHIC) — 243KB
- exhibit101thirdamendment003.jpg (GRAPHIC) — 286KB
- exhibit101thirdamendment004.jpg (GRAPHIC) — 279KB
- exhibit101thirdamendment005.jpg (GRAPHIC) — 88KB
- exhibit101thirdamendment006.jpg (GRAPHIC) — 49KB
- exhibit101thirdamendment007.jpg (GRAPHIC) — 40KB
- exhibit101thirdamendment008.jpg (GRAPHIC) — 41KB
- exhibit101thirdamendment009.jpg (GRAPHIC) — 34KB
- exhibit101thirdamendment010.jpg (GRAPHIC) — 35KB
- exhibit101thirdamendment011.jpg (GRAPHIC) — 36KB
- exhibit101thirdamendment012.jpg (GRAPHIC) — 36KB
- exhibit101thirdamendment013.jpg (GRAPHIC) — 37KB
- exhibit101thirdamendment014.jpg (GRAPHIC) — 37KB
- exhibit101thirdamendment015.jpg (GRAPHIC) — 34KB
- 0001084991-24-000080.txt ( ) — 2252KB
- ngs-20240625.xsd (EX-101.SCH) — 2KB
- ngs-20240625_lab.xml (EX-101.LAB) — 21KB
- ngs-20240625_pre.xml (EX-101.PRE) — 12KB
- ngs-20240625_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. The information provided in Item 2.03 of this Current Report on Form 8-K is hereby incorporated by reference in this Item 1.01 Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. On June 25, 2024, Natural Gas Services Group, Inc. and the guarantors from time to time party thereto entered into a Third Amendment to Amended and Restated Credit Agreement (the "Third Amendment") with Texas Capital Bank, as administrative agent and the lenders thereto. The Third Amendment increased the commitment to our existing credit facility with the lenders from $300 million to $350 million. In connection with the Third Amendment, we agreed to reimburse the lenders for their expenses. The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Third Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits . The following exhibits are included with this Current Report on Form 8-K: Exhibit No. Description 10.1 Third Amendment to Amended and Restated Credit Agreement dated June 25, 2024, among Natural Gas Services Group, Inc., the other Loan Parties thereto, Texas Capital Bank, in its capacity as Administrative Agent and the Lenders party thereto. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NATURAL GAS SERVICES GROUP, INC. Date: June 28, 2024 By: /s/ Justin C. Jacobs Justin C. Jacobs Chief Executive Officer