Flotek secures USD 120 million senior secured term loan led by Elda River Capital Management

Bitget2026/09/23 20:10

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Flotek Industries entered a new senior secured term loan for USD 120 million, including USD 75 million funded at closing.
Elda River Capital Management is lead lender; additional investors include an affiliate of Antarctica Capital.
Facility includes up to USD 45 million of delayed-draw availability; maturity set for Sept. 23, 2031.
Proceeds target data analytics capital spending, refinancing an existing USD 40 million term loan, working capital, general corporate purposes.
Asset-based loan remains in place with up to USD 20 million capacity; maturity extended to Oct. 31, 2027 from Oct. 31, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Flotek Industries Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202609231610PR_NEWS_USPR_____DA55206) on September 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Flotek secures USD 120 million senior secured term loan led by Elda River Capital Management

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