Natural Gas Services Group Announces Expansion of Credit Facility
NGSNatural Gas Services (NGS) GlobeNewswire News Room·2024-06-11 04:41

Midland, Texas, June 10, 2024 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. ("NGS" or the "Company"), a premier provider of natural gas compression equipment to the energy industry, announced today the closing of an expansion of its existing credit facility (the "Facility") led by Texas Capital Bank. The Company added 75millionofadditionalborrowingcapacitytoincreasethecommittedborrowingcapacityto75 million of additional borrowing capacity to increase the committed borrowing capacity to 300 million. The Facility provides the Company with additional capital to fund further grow ...