#United States #Houston #Data Analytics #Flotek Industries #Elda River Capital

Flotek Industries Secures Financing for Strategic Growth

Flotek Industries, Inc. has made significant strides in its strategic growth initiatives by securing a new term loan agreement amounting to $120 million. This development, announced on September 23, 2026, will enable Flotek to enhance its financial flexibility and support ongoing and future projects aimed at expanding its market presence.

Loan Structure and Purpose

The newly formed loan involves an initial funding of $75 million at the closing, accompanied by a delayed-draw facility that permits an additional $45 million. Elda River Capital Management, LLC leads this financing, supported by other investors, including Antarctica Capital. The loan structure is technologically designed to offer substantial liquidity while allowing room for investment in strategic projects. Proceeds from the loan will serve multiple purposes:

• - Support capital expenditures related to the rapidly growing Data Analytics segment.
• - Refinance Flotek’s existing loan of $40 million.
• - Fund working capital requirements and other essential corporate purposes.

Extended Financial Flexibility

Retention of the Company's previous asset-based loan brings in an additional $20 million borrowing capacity. The maturity for this loan is extended from October 31, 2026, to October 31, 2027, allowing for a more extensive planning horizon. The term loan matures on September 23, 2031, and importantly, there will be no required loan amortization or excess cash sweep during the first two years, easing the initial financial load on Flotek.

Leadership's Perspective

Ryan Ezell, CEO of Flotek, expressed optimism regarding the financing arrangement, stating, "This financing provides Flotek with long-term capital and additional flexibility to invest in our key growth initiatives." He also emphasized that the arrangement reflects lender confidence in Flotek’s strategic direction and technology platform, particularly highlighting opportunities in data analytics and chemistry technologies.

Craig Rohr, Partner and Co-Founder at Elda River, added his satisfaction in partnering with Flotek, recognizing its diversified portfolio within the energy sector and stressing a commitment to supporting the business over time.

Looking Ahead

The collaboration extends beyond financial backing; it establishes potential long-term partnerships focused on leveraging Flotek's innovative chemistry and data solutions. Flotek Industries, Inc. prides itself on its ability to provide cutting-edge solutions by utilizing near real-time data that enhances customer returns. With over 130 patents and more than 20 years in the field, Flotek is well-positioned in its endeavor to serve the energy industry more efficiently while striving to minimize environmental impacts.

About Flotek Industries

Based in Houston, Texas, and traded on the NYSE under the symbol FTK, Flotek Industries is a leader in chemistry and data technology with a global presence in over 59 countries. Their ongoing commitment towards sustainable solutions enhances their reputation as a progressive leader in the energy sector.

Conclusion

The recent secured term loan marks a crucial step for Flotek as it gears up for future growth initiatives while capitalizing on the promising potentials within the data analytics realm. As the company navigates through these expansive opportunities, it remains committed to delivering innovative chemistry solutions to optimize energy efficiency and sustainability worldwide.