Flotek secures USD 120 million senior secured term loan led by Elda River Capital Management
Bitget2026/09/23 20:10- 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.
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