Loan & DebtJul 17, 2026, 04:32 PM
Flotek Industries Extends Revolving Loan Maturity to Oct 31, 2026
AI Summary
Flotek Industries, along with its wholly-owned subsidiaries Flotek Chemistry, LLC and JP3 Measurement, LLC, entered into a Third Amendment to its Revolving Loan and Security Agreement with Amerisource Funding, Inc. The amendment, effective July 15, 2026, extends the loan's maturity date to October 31, 2026. This agreement also provides the borrowers with an option to either extend the term for an additional twelve months or terminate the loan, upon providing 30 days' written notice prior to the new maturity date.
Key Highlights
- Flotek Industries amended its Revolving Loan and Security Agreement.
- The Third Amendment became effective on July 15, 2026.
- Loan maturity date extended to October 31, 2026.
- Company has an option to extend the loan term for an additional 12 months.
- Company also has an option to terminate the loan with 30 days' written notice.
- Agreement is with Amerisource Funding, Inc. as the lender.
Price Impact
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