Nine Energy Service, Inc. · AMEX:NINE
Nine Energy Service — Debt Investor Presentation (May 2025)
6 slides from Nine Energy Service's debt investor presentation, May 2025
Slide 1: Revolving Credit Facility Refinancing
REVOLVING CREDIT FACILITY REFINANCING May 2025
Slide 2: Disclaimer
DISCLAIMER 2 Forward-Looking Statements Certain statements in this presentation are forward-looking statements that are subject to a number of risks and uncertainties, many of which are beyond our control. All statements, other than statements of historical fact included in this presentation, regard
Slide 3: Executive Summary
EXECUTIVE SUMMARY 3 • On May 1, 2025, Nine closed on a new revolving credit facility with White Oak Commercial Finance, which replaced the Company’s previous revolving credit facility • The new revolving credit facility has lender commitments of $125 million and an uncommitted accordion of up to $50
Slide 4: New Facility Provides Increased Flexibility
NEW FACILITY PROVIDES INCREASED FLEXIBILITY New Credit Facility (White Oak) Previous Credit Facility ▪ $125mm facility Facility Size ▪ $150mm facility ▪ $50mm uncommitted accordion ▪ 11/2/27 assuming senior secured notes outstanding; Maturity ▪ 1/29/2027 5/1/28 otherwise ▪ SOFR + 4.00% - 4.50%, base
Slide 5: Increased Liquidity for Nine
INCREASED LIQUIDITY FOR NINE New revolving credit facility expected to provide incremental covenant-compliant liquidity2 of ~$21.9mm based on the March 2025 borrowing base Incremental Availability Bridge based on the March 2025 borrowing base2 $7.5 $90.3 $4.8 $1.9 $7.4 $0.3 $68.4 1 Previous Net Cove
Slide 6: Close to Perfection, Far from Ordinary
CLOSE TO PERFECTION ( FAR FROM ORDINARY
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