Smart Sand, Inc. entered into Amendment No. 2 to its Credit Agreement with First-Citizens Bank & Trust Company on September 1, 2026. The amendment increases the total revolving commitments under the existing $30 million five-year senior secured asset-based credit facility by $20 million, raising aggregate commitments to $50 million and extending the maturity date to September 1, 2031. The additional capacity is supported by a $20 million sublimit tied to the value of the company's Oakdale, Wisconsin facility, subject to a minimum excess liquidity test when utilized. The agreement includes a negative pledge on the Oakdale real property and adjusts fixed charge coverage ratio calculations to deduct $20 million of unfinanced capital expenditures. Smart Sand, Inc. operates in the oilfield services industry, providing proppant supply and logistics solutions.
