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Stock impact report

Oil States Enters Into New Credit Agreement [Yahoo! Finance]

Oil States International, Inc. (OIS) 
Last oil states international, inc. earnings: 4/29 05:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.oilstatesintl.com/investor-relations
Company Research Source: Yahoo! Finance
credit agreement (the "Cash Flow Credit Agreement") which provides for total commitments of $125 million, consisting of a $75 million revolving credit facility and a $50 million multi-draw term loan facility, which will be available to draw through July 28, 2026. Wells Fargo Bank, National Association ("Wells Fargo") is the administrative agent for the Cash Flow Credit Agreement. In addition to Wells Fargo, lenders under the Cash Flow Credit Agreement include Zions Bancorporation, N.A. dba Amegy Bank, Woodforest National Bank and First Bank. The Cash Flow Credit Agreement replaces Oil States' existing $125 million asset-based revolving credit facility. The maturity date of the Cash Flow Credit Agreement is January 28, 2030. Borrowings outstanding under the Cash Flow Credit Agreement bear interest at Term SOFR plus a margin of 2.50% to 3.50% or at a base rate plus a margin of 1.50% to 2.50%, in each case, determined by the Company's net leverage ratio (as defined below). The Company Show less Read more
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