Financing ·
Flotek Industries entered into a $75 million Senior Secured Term Loan Facility on September 23, 2026, with up to $45…
FTKFlotek Industries Inc
Flotek Industries entered into a $75 million Senior Secured Term Loan Facility on September 23, 2026, with up to $45 million in additional delayed-draw availability. The net proceeds refinanced the existing $40 million PWRTEK Note held by PC Energy and fund capital expenditures for its Data Analytics segment, working capital, and general corporate purposes. Interest accrues at Term SOFR plus 6.50%, with a floor of 2.50%. Amortization begins after two years at 0.25% quarterly, maturing September 23, 2031. Concurrently, the Company extended its Asset-Based Lending agreement maturity to October 31, 2027. Flotek Industries operates in the energy technology sector, providing chemistry and data solutions for oil and gas operations.