Flotek Industries Gets $120 Million Senior Secured Term Loan

04:45 PM EDT, 09/23/2026 (MT Newswires) -- Flotek Industries (FTK) said Wednesday it has obtained a new secured term loan agreement providing $75 million of funding at close and up to $45 million of delayed-draw availability. Elda River Capital Management is the lead lender under the financing, and additional investors include an affiliate of Antarctica Capital, the company said. Proceeds will be used for capital expenditures related to Flotek's Data Analytics segment, to refinance a $40 million term loan, and for working capital and general corporate purposes, the company said. Flotek said an existing asset-based loan will remain in place, and will provide up to $20 million of additional borrowing capacity.