Company: NINE
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001532286-25-000011
Chunk: 53

Company: Nine Energy Service, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 53
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 Amortization of intangibles expense was $2.8 million for both the three months ended March 31, 2025 and 2024.Future estimated amortization of intangibles (in thousands) is as follows:Year Ending December 31,Remainder of 2025$8,387 202611,082 202710,315 20288,000 20298,000 20308,000 Thereafter22,666 Total$76,450 

7. Accrued Expenses

Accrued expenses as of March 31, 2025 and December 31, 2024 consisted of the following:March 31, 2025December 31, 2024(in thousands)Accrued interest$7,102 $16,960 Accrued compensation and benefits8,054 6,287 Accrued bonus1,747 1,016 Accrued legal fees and settlements208 256 Other accrued expenses8,045 6,157 Accrued expenses$25,156 $30,676 

 8

8. Debt Obligations

The Company’s debt obligations as of March 31, 2025 and December 31, 2024 were as follows:  March 31, 2025December 31, 2024 (in thousands)2028 Notes$300,000 $300,000 2018 ABL Credit Facility47,000 47,000 Short-term debt (1)2,260 3,580 Total debt before deferred financing costs$349,260 $350,580 Deferred financing costs(27,863)(29,736)Total debt$321,397 $320,844 Less: Current portion of long-term debt(2,260)(3,580)Long-term debt$319,137 $317,264 (1)The weighted average interest rate of short-term debt outstanding was 7.9% at both March 31, 2025 and December 31, 2024.Units Offering and 2028 NotesUnitsOn January 30, 2023, the Company completed its public offering of 300,000 units with an aggregate stated amount of $300.0 million (the “Units”). Each Unit consisted of $1,000 principal amount of the Company’s 13.000% Senior Secured Notes due 2028 (collectively,