NINE美股招股说明书(2023-01-23版)

424B51d788954d424b5.htm424B5 TableofContents FiledPursuanttoRule424(b)(5)RegistrationStatementNo.333-268999 Prospectussupplement (toProspectusdatedJanuary5,2023) $300,000,000 NineEnergyService,Inc. 300,000Units,witheachunitconsistingof $1,000PrincipalAmountof13.000%SeniorSecuredNotesdue2028andFiveSharesofCommonStock NineEnergyService,Inc.isoffering300,000units(the“units”),or$300,000,000aggregatestatedamount,witheachunitconsistingof$1,000principalamountofour13.000%SeniorSecuredNotesdue2028(the“notes”)andfivesharesofourcommonstock,parvalue$0.01pershare(our“commonstock”and,togetherwiththeunitsandthenotes,the“securities”).Eachunitwillbesoldatanofferingpriceof$950.00perunit. Thenoteswillbearinterestatarateof13.000%perannum,payablesemi-annuallyinarrearsonFebruary1andAugust1ofeachyear,beginningonAugust1,2023.ThenoteswillmatureonFebruary1,2028. Wehavetheoptiontoredeemthenotes,inwholeorinpart,atanytimeonorafterFebruary1,2026attheredemptionpricessetforthinthisprospectussupplement,plusaccruedandunpaidinterest,ifany,to,butexcluding,theredemptiondate.Inaddition,priortoFebruary1,2026,wemayredeemupto35%oftheprincipalamountoftheoutstandingnoteswithcashinanamountnotgreaterthanthenetproceedsofcertainequityofferingsataredemptionpriceequalto113%oftheprincipalamountofthenotesbeingredeemed,plusaccruedandunpaidinterest,ifany,to,butexcluding,theredemptiondate.Wealsomayredeemthenotes,inwholeorinpart,atanytimepriortoFebruary1,2026atapriceequalto100%oftheprincipalamountthereof,plusa“make-whole”premium,plusanyaccruedandunpaidinterest,ifany,to,butexcluding,theredemptiondate.See“Descriptionofnotes—Optionalredemption.”AtanytimepriortoFebruary1,2026,wemayalsoredeem,duringeach12-monthperiodbeginningontheissuedate,upto10%oftheaggregateprincipalamountofthenotesataredemptionpriceequalto103%oftheaggregateprincipalamountofthenotesbeingredeemed,plusaccruedandunpaidinterest,ifany,to,butexcluding,theredemptiondate.Ifweexperiencecertainkindsofchangesofcontrol,holdersofthenotesmayrequireustorepurchasetheirnotesat101%oftheprincipalamountofthenotes,plusaccruedandunpaidinterest,ifany,to,butexcluding,therepurchasedate.See“Descriptionofnotes—RepurchaseattheoptionofHolders—ChangeofControl.”Priortoseparatingtheunitsintotheircomponentparts(notesandcommonstock),aholderthereofwillnotbeabletoparticipateinanyredemptionorrepurchaseofnotes.See“Descriptionofunits”and“Descriptionofnotes—Selectionandnoticeofredemption.”Wemayberequiredtooffertopurchaseaportionofthenotesatapriceof100%oftheaggregateprincipalamountofthenotesbeingpurchaseddependingonourfreecashflow.See“Descriptionofnotes—RepurchaseattheoptionofHolders—ExcessCashFlowOffer.” ThenoteswillbefullyandunconditionallyguaranteedonaseniorsecuredbasisinitiallybyeachofoursubsidiariesthatareobligorsinrespectoftheAmendedABLFacility(asdefinedherein)andbycertainfuturesubsidiaries.Thenotesandtheguaranteesthereofwillbetheseniorsecuredobligationsofusandtheguarantors,respectively,willrankequalinrightofpaymentwithallofourandtheguarantors’existingandfutureseniorindebtedness,includingundertheAmendedABLFacility,andwillrankseniortoallofourandtheguarantors’futuresubordinatedindebtedness.Thenotesandtheguaranteeswillbeeffectivelyseniorinrightofpaymenttoourandtheguarantors’existingorfutureunsecuredindebtednessandjuniorlienindebtednesstotheextentofthevalueoftheCollateral(asdefinedherein)securingthenotesandtheguarantees,respectively.Inaddition,thenotesandtheguaranteeswillbestructurallysubordinatedtoanyexistingorfutureindebtednessofournon-guarantorsubsidiaries.Thenotesandtheguaranteeswillbesecuredbyfirst-priorityliensontheNotesPriorityCollateral(asdefinedherein)(whichgenerallyincludesmostofourandoursubsidiaries’assetsotherthantheABLPriorityCollateral(asdefinedherein))andbysecond-priorityliensontheABLPriorityCollateral(whichgenerallyincludesmostofourandoursubsidiaries’equipment,inventory,accountsreceivable,pledgeddepositaccountsandrelatedassets),ineachcasesubjecttocertainexceptionsandpermittedliensasdescribedherein.TheAmendedABLFacilitywillbesecuredbyfirstpriorityliensontheABLPriorityCollateralandbysecond-priorityliensontheNotesPriorityCollateral,ineachcaseasdescribedherein.See“Descriptionofnotes—Collateral.” Thereispresentlynopublicmarketfortheunitsornotes.Neithertheunitsnorthenoteswillbelistedfortradingonanynationalsecuritiesexchange.OurcommonstockislistedontheNewYorkStockExchange(the“NYSE”)underthesymbol“NINE.”ThelastreportedsalepriceofourcommonstockontheNYSEonJanuary18,2023was$14.55per share.Untilthe60thdayfollowingthedateonwhichthisofferingisconsummated(the“SettlementDate”),neitherthesharesofcommonstockincludedintheunitsnorthenotesincludedintheunitsmaybetradedseparately,anduntilsuchdate,thesecuritiessoldinthisofferingmaybetradedonlyasunits. Investinginthesecuritiesinvolvesahighdegreeofrisk.See“Riskfactors”beginningonpageS-20ofthisprospectussupplementforadiscussionofcertainrisksthatyoushouldconsiderinconnectionwithaninvestmentinthesecurities. Per unitTotal Publicofferingprice 950.0 $0$285,000,000 Underwritingdiscountsandcommissio