Flotek Secures $120 Million Senior Secured Term Loan To Support Continued Strategic Growth - FTK News | RalliesFlotek Secures $120 Million Senior Secured Term Loan To Support Continued Strategic Growth
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FTK• Term loan and refinancing details
- Flotek Industries Inc. secured a $120 million senior secured term loan to support continued strategic growth.
- The company’s existing asset-based loan was extended to Oct. 31, 2027 with $20 million borrowing capacity.
- Proceeds will support data analytics, refinance a $40 million term loan, and fund working capital.
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