Mammoth Energy Services, Inc. Announces $58 Million Aviation Term Loan Facility with Bank7
PR Newswire•30/10/2026•07:01 ET
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Key Highlights
- ➤$58 million senior secured facility supports additional aviation asset acquisitions
- ➤Facility includes $25 million Term Loan A and $33 million Term Loan B
- ➤Aviation portfolio cost approximately $134.9 million as of September 30
- ➤Loans mature October 2030, with monthly amortization beginning January 2027
- ➤No amounts were drawn at closing
Expert Statements
Mark Layton, Chief Financial Officer of Mammoth Energy Services
“This facility is an important step for our aviation platform. As of September 30, the total cost of our aviation portfolio was approximately $134.9 million, which had been funded without debt. Our aviation assets are well suited to asset-backed financing. This facility allows us to add prudent leverage and fund the next phase of fleet growth while preserving liquidity. We appreciate Bank7's support.”
Mammoth Energy Services, Inc. Announces $58 Million Aviation Term Loan Facility with Bank7 PR Newswire
Asset-backed financing to support continued growth of the Company's aviation leasing platform
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