Flotek Secures $120 Million Senior Secured Term Loan to Support Continued Strategic Growth
PR Newswire•23/09/2026•16:10 ET
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Flotek Secures $120 Million Senior Secured Term Loan to Support Continued Strategic Growth PR Newswire
HOUSTON, Sept. 23, 2026 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced that it has entered into a new secured term loan agreement providing $75 million of funding at closing and up to $45 million of delayed-draw availability. Elda River Capital Management, LLC ("Elda River") is the lead lender under the new financing, with additional investors including an affiliate of Antarctica Capital.
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