NESR enters $747.1 million financing agreement with bank syndicate
NESR•NESR’s approximately $747.1 million financing agreement with a bank syndicate became effective October 29, 2026, to refinance existing secured facilities. It includes $298.1 million in secured term loans, a $5 million revolving credit facility and approximately $444 million in uncommitted working capital facilities.
1. Financing structure
The financing comprises approximately $298.1 million in secured term loans, a $5 million revolving credit facility and approximately $444 million in uncommitted working capital facilities. The term loans mature in October 2029.
2. Rates and capacity
Term loan benchmark-rate margins range from 2.35% to 2.6%, while revolving credit margins range from 2.55% to 2.8%. Working capital borrowings generally carry a 1.45% benchmark-rate margin, subject to sustainability adjustments, and remain available at lenders’ discretion. An uncommitted accordion feature allows NESR to request up to $152.9 million in additional capacity, subject to lender approval.
