Natural Gas Services Group, Inc. announced it has closed on a $100 million expansion of its existing credit facility, increasing the total commitment to $400 million from $300 million. The amended facility also features lower interest rates and more flexible leverage covenants starting in mid-2026.
This expanded credit facility provides significant financial flexibility to support the company's continued growth. The funds are specifically earmarked for investments in large horsepower and electric compression units, particularly within the Permian Basin.
As of March 31, 2025, prior to the amendment's effective date, NGS had $168 million outstanding under the facility, with approximately $132 million available for borrowing. This strong liquidity position enables the company to pursue both organic growth and potential acquisitions.
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