Smart Sand, Inc. Form 8-K Filing

Smart Sand, Inc. has amended its Credit Agreement, originally dated September 3, 2024. The amendment, effective September 1, 2026, increases the total revolving commitments by $20 million, bringing the aggregate to $50 million, and extends the term to September 1, 2031. This increase is supported by adjustments to the borrowing base, including a $20 million sublimit based on the Oakdale, Wisconsin facility, and a related minimum liquidity test. The company has also agreed to a negative pledge of the Oakdale real property. Additionally, certain thresholds in the Credit Agreement have been adjusted, and $20 million of unfinanced capital expenditures will be deducted from the fixed charge coverage ratio calculation.