Ranger Energy Services, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Ranger Energy Services, Inc. (RNGR) on January 7, 2022. The report discloses the entry into a material definitive agreement by RNGR Energy Services, LLC, a controlled subsidiary of the registrant.
Key Financial Metrics
The filing does not provide specific revenue, profit, cash flow, margin, or liquidity figures for the reporting period. The primary financial disclosure relates to debt capacity:
- Revolving Facility: The Maximum Revolving Facility Amount under the Amended Loan Agreement was extended to $65 million.
- Lenders: Eclipse Business Capital and Eclipse Business Capital SPV, LLC.
Material Changes
On January 7, 2022, the subsidiary entered into an Amended and Restated Loan and Security Agreement. This agreement amended and restated a prior loan agreement dated September 27, 2021. The material change is the extension of the maximum revolving facility amount to $65 million.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or specific risk factors beyond the standard disclosure of the amended credit facility. No unusual items or contingencies were disclosed in this report.
Investor Verification Checklist
- Verify the full terms of the Amended Loan Agreement in Exhibit 10.1 (First Amendment to the Loan and Security Agreement).
- Confirm the interest rates, covenants, and maturity dates associated with the $65 million facility.
- Review the subsidiary's current drawdown status against the new $65 million limit.