Research Reports

Key takeaways

Entered into Amendment on May 8, 2026 to Facility Agreement dated July 23, 2025.

Increased revolving facility commitments from up to $400 million to up to $450 million.

Eliminated $100 million commitments available as term bridge loans.

Amendment requires consent of Majority Lenders including Increasing Lenders DNB (UK) Limited and The Royal Bank of Scotland plc.

Effective Date upon satisfaction of conditions precedent, no later than May 31, 2026.

Amendment attached as Exhibit 10.1.

Full analysis

The amendment enhances Expro Group Holdings N.V.'s revolving credit capacity by $50 million to $450 million under Facility A, providing greater liquidity flexibility while terminating the $100 million bridge facility, which simplifies the debt structure. Increasing Lenders DNB (UK) Limited and The Royal Bank of Scotland plc support the expanded commitments. The Effective Date hinges on delivering conditions precedent such as Obligor certificates, board resolutions, and a legal opinion from Ashurst LLP, with a deadline of May 31, 2026. Obligors reconfirm all representations, guarantees, and security, ensuring continuity of obligations under the amended terms. This adjustment to the July 23, 2025 Facility Agreement signals lender confidence in the company's operations and strengthens its funding base without new debt issuance.

XPRO · Expro Group Holdings N.V.

Summary

Key takeaways

Full analysis