#United States #Oklahoma City #Bank7 #Mammoth Energy #Aviation Loan

Mammoth Energy Services Secures $58 Million Aviation Loan with Bank7

Mammoth Energy Services, Inc. recently made waves in the financial world with the announcement of a robust aviation term loan agreement with Bank7, totaling $58 million. The agreement, signed on October 28, 2026, involves Mammoth's aviation subsidiaries, Cobra Aviation Services LLC and Leopard Aviation LLC, which are set to benefit substantially from this financial backing.

Details of the Loan Facility

The $58 million facility consists of two key components: a $25 million Term Loan A and a $33 million Term Loan B. Both loans may be accessed during a 60-day period following the agreement's closure. Importantly, advances under Term Loan B are contingent upon certain conditions being met. The loans feature a floating interest rate, will begin amortization in January 2027, and are set to mature in October 2030. The facility is secured by the aviation assets belonging to the borrowers and is guaranteed by Mammoth Energy itself. Notably, no amounts were drawn at the time of closing the agreement.

Mark Layton, Mammoth's Chief Financial Officer, articulated the significance of this facility by stating, "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."

Future Growth and Strategy

Mammoth Energy’s commitment to expanding its aviation leasing platform marks a strategic shift towards enhancing its operational capacity. Utilizing the proceeds from this loan will allow Mammoth to acquire additional aviation assets, paving the way for a more robust portfolio and catering to the growing demand in the aviation sector.

The company aims to position itself at the forefront of aviation leasing, a sector that has witnessed significant fluctuations in demand and competition. By augmenting its fleet and operational capabilities, Mammoth Energy is primed to leverage new business opportunities while ensuring sustainable growth. As it stands, the company does not currently have any debt tied to its aviation portfolio, reflecting a solid foundation of financial health that the new loan will only bolster.

About Mammoth Energy Services, Inc.

Mammoth Energy Services, Inc., traded on NASDAQ under the ticker TUSK, is recognized for its growth-driven approach within the energy sector. As a provider of integrated solutions, Mammoth focuses on renting and selling aviation assets as well as heavy equipment utilized in construction and energy operations. In addition, the company has expanded its service offerings to encompass fiber optic services for utilities, natural sand proppants for hydraulic fracturing, workforce accommodations for projects in remote locations, and advanced directional drilling services.

For those seeking additional insights into Mammoth Energy’s initiatives and financial performance, more information is available at their official website, www.mammothenergy.com.

In conclusion, the new financing agreement with Bank7 not only reflects Mammoth Energy Services' commitment to expansion but also underscores its adaptability in a competitive market. As the company embarks on this new chapter, stakeholders and investors alike will be keenly observing the impacts of this financing on future growth trajectories.