Flotek secures USD 120 million senior secured term loan led by Elda River Capital Management

FTK•2026-09-23

New senior secured term loan and lenders

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.

The facility includes up to USD 45 million of delayed-draw availability, and maturity is set for Sept. 23, 2031.

Use of proceeds and other financing terms

Proceeds are intended for data analytics capital spending, refinancing an existing USD 40 million term loan, working capital and general corporate purposes.

Flotek's asset-based loan remains in place with up to USD 20 million capacity, and its maturity has been extended to Oct. 31, 2027 from Oct. 31, 2026.

Flotek secures USD 120 million senior secured term loan led by Elda River Capital Management

New senior secured term loan and lenders

Use of proceeds and other financing terms

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