NATURAL GAS SERVICES GROUP INC (NGS) Form 8-K — Jun 15, 2026
Natural Gas Services Group (NGS) completed the acquisition of 100% of Flatrock Compression Holdings LLC on June 12, 2026, for an enterprise value of $120 million plus reimbursement of new equipment costs. The total consideration included $110 million in cash, 241,803 shares of NGS common stock valued at $41.35 per share, and contingent royalty payments based on future revenues. To finance the transaction, NGS entered into a Fifth Amendment to its Amended and Restated Credit Agreement, increasing its revolving credit facility commitments from $400 million to $500 million.
Key figures
- Debt Amount
- 500000000
- Cash Position
- 0
- Deal Value Usd
- 120000000
- Offering Price
- 41.35
- Shares Offered
- 241803
- Escrow Amount
- 2250000
- Accordion Feature
- 100000000
- Cash Consideration
- 110000000
- New Credit Facility
- 500000000
- Prior Credit Facility
- 400000000
- Target Net Working Capital
- 7310855
Price after filing
Close on the filing date to close N calendar days later (from $41.73). Historical, not a forecast.
AI analysis
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